Whether you are buying or selling a business it is vital that you seek independent specialist tax advice as well as legal advice to ensure that you are fully aware of the tax considerations during negotiations.
Buying or selling a business can be a stressful time and therefore you will be pleased to hear that as standard we keep our clients informed with regular updates and offer a 24 hour response promise.
Therefore there will be no frustrations for you with regards to not knowing how the deal is progressing or not being able to get hold of us should you need to contact us.
You may be selling your business with a view to retiring and living off the sale proceeds. If this is the case, it is critical that you maximise the money you receive as a result of this deal, if this is your last chance to boost your nest egg. It would be devastating to find out after completion that you don’t qualify for Entrepreneurs’ Relief for example, due to the structure of the deal, resulting in your effective rate of tax potentially doubling.
Alternatively, you may be a serial entrepreneur selling one of many businesses or selling with a view to starting a new venture. Even the most seasoned of entrepreneurs needs someone to ensure that their tax position has been fully considered during negotiations, as the tax considerations here are often more complex and tax at stake far greater.
If you are considering selling your business, please speak to a member of the team to gain our advice and support to ensure that your interests are protected and reduce the stress involved during the deal process.
We are also able to assist with preparing information required for due diligence and completion accounts.
If you are considering acquiring a business we strongly advise that you undertake a thorough due diligence exercise, so that you are making an informed purchase. Our team can undertake financial due diligence to give you a more detailed understanding of the business so that you are confident in your decision to purchase.
We can also advise upon the viability of the deal and ensure that you are aware of the tax considerations when negotiating and structuring the deal and that your exposure is limited.
Should funding be required for the deal we can assist you in determining which type of funding is most appropriate and subsequently liaising with financial institutions or investors to answer their questions and provide the accounting information and forecasts that they require.
If you are carrying out an MBO (Management Buy Out), in addition to the above we can advise you with regards to the future financial operation of the business with regards to any changes that you would like to make and provide you with personal tax planning advice regarding your future extraction of profits from the business.
If you are currently considering an MBO or acquisition please speak to a member of the team as soon as possible and they will gladly discuss your requirements.