Selling your business?

The time comes in every business for the owner-manager to leave their business. How does one go about it? You must plan it out for all to go as smoothly as possible. You must plan ahead whether you're going with a Trade sale, Management buy-out or MBO, Family succession or a Management buy-in or MBI. You will wish to look at shareholder objectives, company objectives, and management objectives. You need to get the basics right with sound management. Make certain accounts are in order, expand your range of customers, stay within legislation, tie key customers, suppliers, staff and managers to long-term contracts, protect your intellectual property rights, look at your business property, and maximise relief for capital gains tax (CGT). For good tips on how to plan for your exit, look here