Exit Strategies and Succession Planning for Businesses
Passing on your business
We offer effective advice and planning to ensure the continued health of your business, when you decide to move on.
If you have made the decision to step away from your business, you will need an exit strategy.
This is a necessity if you are to achieve a smooth transition of ownership.
Whether you intend a clean break or to pass your business on to your chosen successor, AGS provides objective, independent advice to help you devise a comprehensive exit strategy and set an effective succession plan in place. This will address issues including:
- The tax implications of a disposal
- Valuing the business
- Finding the right buyer.
Considering a successor
If you want to pass your business on to family members, we will help you assess their abilities and goals to ensure this is the right option, particularly if they need additional time to learn the ropes.
If there is no obvious successor, you may need to consider a buyout by your management team or selling to an outside 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 it up and liquidate your assets.
However you decide to step away from your business, AGS can help you prepare an exit strategy and succession plan. For a free consultation, contact us today.