In the life of any business, the owner will almost certainly think about stepping aside at some point. In many cases, the transition will be achieved by passing the business on to children or other family members but in others the owner will decide to sell, enabling them to retire or to move on to a new challenge.
If you have spent years building a successful business, taking time to plan your disposal – even if it is several years in the future – is essential or you could find that your hard work fails to bring the rewards you had hoped for.
At Salhan Accountants in Birmingham, because we work with business owners to plan ahead for their exit date, we can advise on maximising the market value of their enterprise and on timing the eventual sale to mitigate tax liabilities and take full advantage of tax planning opportunities.
We can also advise you on the best method of sale, including a management buyout or buy-in, for example, help in sourcing a buyer and provide expert advice on issues including valuations and sales negotiations. Our business disposal services also include due diligence.
After completion, we can continue to advise you, whether you are moving on to another venture or want expert advice on ways to ensure a comfortable retirement and protect your assets for future generations, through tools including estate planning, trusts and wills.
To find out more about how we can help you, please contact Salhan Accountants in Edgbaston, Birmingham.
