Exit plans
08/07/2024

Exit can be seen as quitting, especially if the exit discussed is your business interests.

But actually, business exit planning is an essential part of general business planning. In some respects, it is the most important aspect of business development planning as it shines a light on the timing and value you can expect when you retire.

Without a formal exit strategy, you may rush into a sale or dissolution of your business that undervalues its worth when you decide to hang up your business boots.

Hopefully, when you do retire, it will be from choice. But don’t forget there are numerous factors, ill-health and economic uncertainties for example, that may force you hand, and as we all know, being required to quit is likely to result in your business being disposed of at an undervalue.

Much better to start the planning process now while you still have choices. For example:

  • Do you have family members you can groom for takeover?
  • Do you have a management team who might be interested in a buyout?
  • If you sell to interested third parties, at what value do you set your price tag?

And should you be linking up with an agency to handle the sale for you?

And finally, what are the tax consequences. How much of your likely sales proceeds will you be able to keep?

If you have not yet considered these issues please call so we can consider your options.


About Us

Established in 1991 based in Epsom Surrey, CWM use technology to its fullest extent enabling us to work with clients based anywhere, with maximum efficiency resulting in lower costs.

Accreditation

 icaew logo 

   

    

sage1   xero transparent

Contact Us

1a High Street
Epsom
Surrey
KT19 8DA
Phone: 01372 727333
Email: info@cwmaccountants.com

Newsfeed Search


Newsletter Sign Up

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login