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SUCCESSION AND RETIREMENT PLANNING

 

There will come a time in your life when you make the decision to move on; whether that be for retirement or to start a new venture. A well-planned exit strategy will ensure you are rewarded with the best exit package possible.

 

There are a number of business responsibilities and tax considerations you need to be aware of when you sell, wind up or hand over the business to your successor. We can help you plan your exit strategy now to ensure you get the best possible outcome for you and your business.

CKLG Accountants

Selling a business

 

The decision to sell a business can be a difficult, emotional and often very stressful. Ensuring you have the right advice and expert knowledge from the beginning can help to make the process of selling a business easier and more efficient.

 

Whether you are a sole trader, partnership or limited company, it is important that you fully understand the financial and tax implications and the legal responsibilities involved when preparing a business for sale in the UK.

 

For advice on selling your business, contact our Business Services team on 01223 810100 

Planning for retirement

 

If you are just starting out in business, thinking about your retirement may not be your immediate priority, however based on our experience we advise our business clients to start planning for retirement as early as possible.   

 

There are so many options on how best to retire but the key is to have a retirement plan in place well in advance to ensure that you take advantage of the tax reliefs available and ensure you get the best retirement package possible.  

 

For advice on planning your retirement, please contact Lawrence on 01223 810100.

CKLG Accountants
CKLG Accountants

Succession planning

 

Implementing a sound succession plan for your business now could save you valuable time and money in the future.  It will also ensure that you leave your business in a strong position for your successor. 

 

You may be looking to incentivise key employees with share option schemes, or looking to introduce the next generation. CKLG Accountants will guide you through the choices available in order to meet your personal objectives, and advise on the most suitable succession plan for you and your business.

 

For advice on succession planning, speak to Business Services team on 01223 810100 

Winding up the business

 

You may decide that your owner-managed business is so unique that the only option to exit is to liquidate the business.

 

Depending what the value of the business is will depend on how you need to approach it. We can advise you on the path you will need to take to ensure compliance with HMRC rules.

 

Talk to our Business Services team on 01223 810100 for advice on winding up a business.

CKLG Accountants

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