Preparing your business for your retirement can involve the most important financial deal and decisions you are ever going to make. Plan ahead and get the best advice to achieve your planned retirement lifestyle. At CMC, we can help you select the right exit option, maximize your value, prepare your business and undertake the business sale or transition. Your Success is Everything!
I wish to retire from my business but what are my exit options?
Choosing the optimum exit option for your business is a vital part of exit strategy planning. Often business owners are unaware of the options to dispose of their business. Read on for an introductory to various exit options such as management buyout/in, family succession and a trade sale.
5 questions to ask yourself if you are thinking of selling your business
To help you maximise your business value, we have complied 5 basic questions that every business owner should ask themselves when they are thinking about selling their business. Including processes, profits, sales revenue and your role.
If a trade sale is your selected option then understanding what’s involved will help you start to plan and prepare. The actual selling transaction stage can be quick but the preparation stage needs careful attention with shaping your business.
Get the knowledge by reading our selling your business guide.
Business exit strategy planning or selling your business outright is one of the most crucial elements of a company’s life cycle. If not planned correctly the negative financial impact for the company and individuals involved can be significant, not least in financial terms.
So what are the common mistakes an owner should avoid making?
Choice of structure and prepartion for a sale - The legal apsects
Our guest blogger this month is Cresco Legal solicitors who discuss the legal consequences of selling your business as a going concern (a share sale of the entire company) or whether you are only selling the assets of the business.