We believe it is never too early to consider your exit strategy from your business. Although we recognise that initially you may be focused on the shorter term objectives of establishing your business and rapidly growing turnover and profitability, it is important to consider your longer term exit strategy.
We specifically consider your exit strategy and mechanisms for that exit, a process which often begins at the company's incorporation. This is particularly important if there is more than one shareholder.
By asking questions at incorporation, we can ensure that the articles of association specify the steps to resolve any conflict between shareholders, and the arrangements if one of the founding members ceases to work for the company.
Planning a strategy to maximise the assets of your business on sale requires advance planning. You should start considering the issues a good five years before your planned exit.
Once you have decided to sell, we can assist with the process:
- Helping to market the company for sale
- Performing seller due diligence
- Preparing forecasts
- Tax planning
- Reviewing heads of terms
- Assisting with queries from the buyer
- Reviewing contracts
The services most commonly used at business exit are: