Whether it is retirement or you plan to start a new business venture, there comes the point in every business owner’s life when they wish to cash in on their equity or want to reduce their day to day involvement. While some business owners may decide to close down the company and distribute the funds and assets, others may pass on the business to the next generation of family members or key staff.
Whatever your reasons for exiting the business, Odiri Tax Consultants can help you identify the most tax-efficient route for your exit and consider the availability of any reliefs, such as Business Asset Disposal Relief (formerly Entrepreneur’s relief).
We can assist in completing all the necessary paperwork to facilitate the plan or work with other professional advisors if appropriate.
It may be that you are considering altering the share capital in your company, reorganising a group of companies, or looking at protecting company assets by inserting a new holding company.
Given that reorganisations can be complex and have potentially significant tax implications for a company and its shareholders, all parties must have a comprehensive understanding of the commercial objectives of the restructuring.
We can help you with the following:
For further information on how we can help you, contact Loveth Watson on 01733808075.
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