Whatever your eventual reasons for exiting your business, planning for an exit will enable you to take maximum control and derive maximum value from the transaction.
From a tax point of view, it’s never too early to start thinking about your exit. If it’s done properly, planning for an exit should be a long-term strategy, and whatever that strategy is it needs to work for both seller and buyer.
How your business is structured, its tax position, whether you are selling the assets or shares, and ensuring you maximise available reliefs such as Entrepreneurs Relief and Business Property Relief will all dictate the best course of action, influencing both the attractiveness of your business to potential purchasers, and your tax exposure resulting from the exit.
At Enterprise Tax, we have significant experience advising entrepreneurs – both directly and as clients of other professional advisers – on effective tax planning strategies for an exit. As with all tax planning we undertake, we start by first understanding individual objectives – both from a commercial and a personal point of view– before we move on to look at the tax position.
Whatever stage you are at with your exit planning – whether you have been approached by a potential buyer or whether you are starting up a business and want to start as you mean to go on – we can help you secure a favourable tax position to support you in realising the full potential of your company through the exit process.
We advise on all aspects of the exit process, from preparing the business for an exit or a sale, to providing tax advice on deal structure, to mitigating the personal tax position of the business owners. We are also experienced in advising on the availability of both Entrepreneurs Relief and Business Property Relief.