Are you ready to walk away from your business?
Is it finally time to hand over the reins to someone else in your business? There comes a time in many business owners’ lives where they decide to step away from the business they’ve built for various reasons.
Even if you’re not ready to leave your business right now, it helps to have a plan in place, just in case you ever do at some point. Circumstances naturally change and you never know where you’ll be in the future. It never hurts to plan ahead.
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How do you plan an exit from a business?
Assuming you want to exit your business while it’s still operating, it can be more difficult than you think to leave your company in someone else’s hands.
Exiting your business isn’t as simple as selling up and walking away. There are lots of things to consider and legal matters to deal with before you can step away for good.
If you plan to sell your business, you will need to know the value of the business, plus information about future growth and cash flow so you can properly price it up.
Exit planning is crucial to ensure all loose ends are tied up so you can leave on the best terms possible. This will ensure that the business can effectively go on without you. It would be a shame for your business to suffer as soon as you walk away after building it for several years.
In order to exit your business in the best way, a solid plan in place ensures that a sale or succession plan goes smoothly, without any disruption to the business’ growth.
How Countplus Accounting can help you plan a business exit
Countplus Accounting offers much more than just accountancy management services. We aim to support you in all areas of your business which is why we provide consultancy services alongside including exit planning.
Our team is made up of chartered accountants for small businesses and expert consultants so no matter what you need, Countplus has you covered.
No doubt you want your exit to be smooth, with limited disruptions and complications for your business. It doesn’t matter whether you’re looking for a merger, a partnership plan or a clear succession plan, we can provide you with all the support you need.
We will help you put together a comprehensive exit plan that leaves no stone unturned and allows the new owners to pick up where you left off.
Our exit planning service provides help and support for the following things:
- Valuing and selling your shares
- Selling your business or putting it through a public floatation
- Selling your business to a family member, third-party or someone in your workforce
- Minimising your tax liability where possible including Capital Gains Tax
- Tying up all loose ends so you can walk away with confidence.
Here at Countplus Accounting, we want the process of exiting your business and passing it on to be seamless. Using our Exit Planning service is the best way to minimise disruptions so that your business does not suffer and thrives instead.
If you are not yet ready to part ways with your business (but might in the future), you may be interested in our other accountancy management services. Countplus can offer business tax return help, payroll management services, bookkeeping and much more.
Get in touch with Countplus today for a quote and we’ll show you how we can help.