The day when you want to step away from your business may seem a long way off. But thinking about your exit strategy – whether you plan to pass it on to the next generation or want to maximise the value from a sale – is crucial to achieving a smooth transition of ownership.
AGS will provide objective, independent advice to help you to think about the future for your business when you want to step down and put in place a succession plan that takes into account issues such as the tax implications of a disposal, valuing the business or finding a buyer.
If you want to pass on your business to family members, we’ll help you assess their own skills, abilities and wishes, to ensure that this is the right option, particularly if your relatives will need time to learn the ropes.
If there is no obvious family successor, you may need to consider a buyout by your management team or selling to an external buyer. If your business is too small, or too closely linked to your own specialist skills to attract a buyer, you may choose to wind up the business and realise its assets.
However and whenever you decide to step aside, we’ll help you prepare an exit strategy and succession plan that helps you maximise the value of your hard work over the years.
For more information about AGS accountants in the West Midlands and our exit planning services, please contact us