Succession planning

Ensuring the smooth transition of your business and assets according to your wishes.

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Any succession planning should start well in advance of your planned exit. Our Private Client services team can help you explore your options to ensure that the transaction is tax efficient, meeting your business and personal goals.

Understanding your objectives

Reflect on why you are exiting the business and your personal goals, financial independence, market conditions, lifestyle or health, tax and estate planning.

Exploring different strategies

Alternatives routes include a trade sale, family succession, MBO or an Employee Ownership Trust. and understanding the tax implications of the available options.

Navigating the hurdles

Assemble a team of advisors that fits best with your chosen exit plan to ensure it is both tax efficient and in the best interest of the company.

Life after exit

Tax planning to protect your wealth, new business opportunities, hobbies, travel and philanthropy.

Getting your business ready for sale or succession

Whether you’re moving on to pursue new ventures, seeking a lifestyle change, or planning for retirement, preparing your business for succession or sale is an important step in your exit strategy.

Letting go of your business can be emotional and stressful. Having a well planned strategy in place is the key to ensuring a smooth transition, with tax always be an important consideration.

Getting the right advice as early as possible can help minimise the tax that would otherwise become due, leaving you to enjoy more of the proceeds.