Succession or Exit Planning

Succession or Exit Planning:
Although most owners of businesses recognise the importance of looking ahead in order to plan for their succession in the business and realise the prospect of personal retirement, in practice this process often calls for difficult decisions to be made and a variety of options to be considered.

Although there are many strategic exit routes available to owner-managers, one key element in the plan is whether the future of the business is to remain in the hands of family or non-family members.

Charcroft Baker works closely with clients on the long-term planning of their eventual succession.  We identify the challenges presented by the various options, help the current owners to choose the most satisfactory route and produce the most tax-efficient proposals.