Business Exit Strategies

Business Exit Strategies Planning your exit The eventual sale of your business might seem a long way off, but we know from experience that careful planning is essential. Indeed, creating and putting into practice appropriate strategies at each stage of your business life is important if you are to obtain the maximum reward for taking the risks inherent in being in business. Every business owner should have a personal exit strategy. Key issues to consider could include: - Passing on your business to your children or other family members, or a family trust - Selling your share in the business to your co-owners or partners - Selling your business to some or all of the workforce - Selling the business to a third party - Public flotation or sale to a public company - Winding up - Minimising your tax liability - What you will do when you no longer own the business

For more information on Business Exit Strategies talk to Hackett Griffey LLP