Succession & Exit Planning
Having a documented succession plan and exit strategy demonstrates business stability to clients as well as employees. By having a plan in place that identifies new leaders who can step in and run the company, you will ensure that there is no key role left uncovered when the current leaders leave, retire or die.
If you are hoping to sell your business one day, it is vital that any sale is structured in a way that maximises the proceeds and minimises your tax liabilities.
The long-term exit plan for many business owners is family succession and this can be a complicated process with complex tax issues.
Our team at Richardsons is able to help you with this vital planning.
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