However you plan to exit your business, Booth Ainsworth have the experience to be able to make the transition as stress free as possible.

At some point you will want to stop working in your business, whether this is down to ill health, retirement, no succession, capitalising on 2-3 good years or selling your business.

There are so many considerations – probably more considerations now that the business is up and running, to setting it up in the first place.

The first thing you will need is to sit down with your accountant and develop an exit plan which will look at:

  • Selling your business to some or all of the workforce or to a third party
  • Public flotation or sale to a public company
  • Pension Planning
  • Minimising you tax liability
  • Will your income stream and wealth be adequate, post sale?
  • Passing on your business to your children of other family members, or to a family trust

Finally you may wish to speak to someone with regards to your pension planning and inheritance tax planning. Our team of experts can assist with this.

If you choose Booth Ainsworth to help you through this changeover we will sit down together and discuss your options and route to exit.

We have assisted in a great number of business exits, all of them with different factors making each exit different from the last. You can read more about how we have assisted our clients in this field and the successful outcomes we achieved for them, no matter how difficult the road ahead looked at the time.