Exit Strategy

There may come a point in life when you decide that it is time for you to stop working in your business. While business planning is important when you first establish your business, planning your exit strategy is equally important.

The best option for you may include selling your business or transferring it to your family – whatever your decision we can help plan on the best exit strategy for you. The best way is to plan this well in advance in order to maximise your return and to make it as tax efficient as possible.

It’s sensible to put your exit strategy in your business plan and review it annually. By doing this you can ensure the business is on track to achieve what you really need from it.

Some of the issues we will help you consider are:

• Passing on your business to your children or other family members, or a family trust
• Selling your share in the business to your co-owners or partners
• Selling your business to some or all of your employees
• Selling the business to a third party
• Public flotation or sale to a public company
• Winding up your business
• Minimising your tax liability

It is essential to perform pre-tax reviews to maximise future sale through early identification of tax costs where potential structuring will enable a more tax efficient outcome.

How can we help?

We are passionate and proactive accountants delivering a first class service in assisting you in all your financial needs. We build partnerships and implement solid financial strategies. Our ultimate goal is to help in your business towards success.

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