Exit and succession planning

Taylor Cocks Exit planningExit planning is perhaps one of the most critical elements of a company’s life cycle. If not planned correctly the negative financial impact for the company and individuals involved can be significant.

Unfortunately the dream for business owners of spending a life of hard work building up a company of value and then simply retiring is not always the reality, and the lack of an effective succession plan when exiting a business is the final hurdle that many people fall at.

Exiting your business can be a complex process, but for many it provides the opportunity to reap the financial rewards for those years of hard work. Although exit planning is not always at the forefront in the mind of most business-owners, whether you sell your business or wind it up, it is essential to plan your strategy carefully from an early stage.

There are several exit planning strategies that taylorcocks can advise on and help implement, and with our specialist tax expertise, you can be sure that we will find the most tax-efficient and effective method for you to exit your business, as well as guiding you strategically to ensure that this is a smooth process.

Contact taylorcocks to talk about your business exit planning strategies.

Trade sales

A trade sale is a way of opening the business up to a wider market or potential buyers; but allows you to still be in control of who takes over the running of your business.



Management Buy-Ins and Management Buy-Outs can sometimes be the most effective way of exiting your business, as it allows the business to be taken over by people who already have experience in managing businesses.


Purchase of own shares

By using a purchase of own shares strategy, an individual business owner is able to sell their shares to the company and is liable to pay tax only on the selling of these shares.


Informal winding up

A solvent company can be wound up and its assets passed to the shareholders as capital distributions rather than income distributions. Subject to certain conditions, this can be the difference between paying 10 percent and 25 percent tax.