Let's get this straight. It's not ANY business, it's YOUR business. And if you are thinking about selling, there will probably be a combination of issues going round your head.
You might have started your business many years ago and are proud of what you've achieved. But that might be balanced with slight sadness that you will no longer be involved, or at least not to the same extent. You know you will need to let go.
Perhaps the business currently occupies a lot of your time, interest and energy, so you are wondering what on earth you will do on the Monday morning after the deal completes.
If you are like most people in your position, you may simply find it hard to imagine that the sale will actually take place, and even after the proceeds are in your bank account, you may worry that your lawyer will get in touch to say there has been a dreadful mistake.
Do you already know how much your business is worth, you've had an offer and are happy to sell for that amount? Or do you have a figure in mind and you're waiting for an offer to match it?
If you are thinking about selling your business, you will need personal financial planning advice about how to structure your drawings in the months beforehand to make the most of tax planning allowances. You will also need advice about what to do with the proceeds when they are received, whether that's to be invested, put into a trust or similar.
The key to a successful business sale is to plan ahead and to understand what money you need for the rest of your life, compared to what you are being offered. That's where we come in. By understanding your vision for the future, and forecasting your wealth over your lifetime, we can show you what you can (and can't) do financially. We also optimise your wealth with careful planning, minimising taxes and making the most out of every penny.
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