Retirement and Exit Planning
Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning.
If you are in business, the first thing you need to consider is your exit strategy.
Will you withdraw from the business, leaving it for the next generation, or will you hope to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?
We can help you and recommend solutions tailored to your particular needs.
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When thinking about your Exit Strategy, two emerging trends in the small and medium-sized business sector seem to be conspiring to make family succession a thing of the past: Fewer business owners want or expect their children to step into their shoes Children of...
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