Every privately owned business will be transferred. The ownership will change by selling, liquidation, bankruptcy, flotation, transferring to a relative or merging with another company. Each of these transfers will have different tax, family and lifestyle consequences for the owner. Exit Planning is essential to ensure that you end up with the maximum cash in your pocket.
It's never too early to start thinking about exiting your business, indeed too many owners had very clear objectives when they started out but rarely do these objectives include the strategic disposal of the business to ensure that the highest possible sale price is achieved. The answer is to formulate and maintain an exit planning strategy and this is where we can help.