From the very beginning, and then at each new stage of the business life cycle, business owners need to consider their exit strategy – voluntary as well as involuntary.
It takes planning to bow out gracefully and hand over smoothly to someone else, whether it’s a next generation family member or a new owner. It’s also important to consider an unexpected exit.
Being sale-ready can allow you to take advantage of unsolicited approaches and still achieve the best possible sales price despite the surprise and urgency of the buyer.
Knowing the value of your business and being able to confidently hand over financials will enable you to quickly consider offers and negotiate terms.
Then, of course, there are the life events that dictate the reasons for selling your business. These include illness or death – your own or someone close to you or your business partner, that may compromise the business operation. Relationship breakdowns between business partners and divorce can also force a business sale.
Our services include advice for:
- Succession to family members
- Business restructuring
- Asset protection
- Business valuation
- Business Sale
- Tax Planning