Exit Strategies & Succession
Exit strategies & succession is very important retirement, the following questions need to be throughout through:
Have you thought about what happens when you want to retire from your business?
Will you sell it or hand it over to a family member?
Have you fixed a retirement date?
Will you have sufficient income to support your retirement and provide for your family?
It’s never too early to think about your exit, It may seem a long way off at the moment but the earlier you start planning the better. All these considerations need to be taken into account in preparing a strategy for business exit. After all, you’ll want to maximise your wealth at retirement or leave the business in safe hands and the timing of the sale could dramatically reduce your tax bill.
We’ll help you think about your exit and prepare a long term strategy. There are a number of options available that you may not have previously considered