The Accounts and Outsourcing team helped a first-time entrepreneur in buying an estate agency business and providing support at every step of the business life cycle from incorporation to potential exit.

Issue

Our client, an experienced estate agent with two silent partners, wanted to buy an established estate agency business and required guidance and support.

Approach

The team offered comprehensive support at every stage from buying the business, to ensuring the company met both statutory deadlines and regulatory guidelines, to guidance on options for exit. At all times, a holistic approach was taken to cover both personal and corporate tax aspects.

Services required:

• company formation and purchase guidance
• due diligence for business purchase
• annual compliance (financial statements, corporation tax, client money audit)
• personal tax compliance for majority shareholder
• employment and remuneration packages in the UK
• ad hoc tax advice (personal tax planning, staff remuneration)
• exit strategy advice and restructuring.

Outcome

By entrusting Crowe with guidance on compliance and advisory matters, the client was able to concentrate on growing the business, resulting in a long-standing relationship of over 15 years.