A good time to start planning for your exit is when you set up a business. The reality is that most owners are too busy building and growing their enterprises to think about a retirement that could be a decade or more ahead.
At Fiander Tovell accountants in Southampton, we know that starting to plan for your exit at least a few years in advance is the best way to achieve maximum value for your business as well as ensuring a smooth transition.
In this way, you can not only ensure your business is financially efficient and compliant with all relevant legislation and reporting requirements, ahead of any due diligence, you can also steer your business in the direction of your chosen exit strategy, for example by training relatives for family succession or existing management team members ahead of a management buyout.
Other potential exit routes to consider include a trade sale, management buy-in, a merger, stock market flotation or liquidation. With forward planning and our advice, you will also be well-positioned to time your exit to maximum advantage, when the business is successful and market conditions favourable.
Our expertise in exit planning is complemented by our retirement planning service.
For more information on how Fiander Tovell accountants in Southampton can help you, please contact us.