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Bishop Fleming Banner

Succession planning for owner-managed businesses

It is never too early to start thinking about your exit strategy. Click here to see how we can help you with the options available.

14 August 2024

As a business owner, there will come a time when you'll need to step away from your business. Unfortunately, many owners don't engage in thorough succession planning, which can mean not leaving on their own terms. It's never too early to start thinking about your exit strategy.

Exiting your business is a major milestone that requires careful planning and preparation to maximize its value and ensure its continued success. This process is far more complex than simply flipping a switch; it demands a tailored approach that reflects the unique aspects of your business.

We understand that your business is more than just a job—it's a significant part of your life. The decision to step away is momentous, both professionally and personally. 

We're here to support you at every stage and provide the right advice when it matters most.

Do any of the following concerns resonate with you?

  • When is the right time to sell my business?
  • How do I prepare for retirement, sale, or closure?
  • What is my business worth?
  • How can I extract cash from my company when selling?
  • What is a pre-pack, and when should it be used?
  • How do I plan a management buyout?
  • How can I prepare for a quick sale if needed?
  • How can I minimize taxes on my exit?

Get in touch with us today

Explore our advisory guide or reach out to a member of our team for personalised support for you and your business.

Key contacts

Fleur Lewis

Audit Partner, Mid Markets and Responsible Business Lead

01392 448879

Email Fleur

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