It is often said that passing on the family business to the next generation and choosing your exit strategy is the most important business decision you will ever have to make.
Crowleys DFK provides a comprehensive and professional service to assist clients prepare for all aspects of succession planning. We can advise you on the effective transfer of business control and identify the relevant reliefs available in order to maximise value. We can develop exit strategies for you so that the tax consequences of transferring ownership are minimised. Proper succession plans will ensure that the value of the business is not reduced by your withdrawal from it.
Ideally you should begin succession planning three to five years before the event. However, depending on your circumstances, a plan could be put together in a matter of months. It’s never too late to plan your exit strategy!