Employee Ownership Trusts following the 2024 Autumn Budget
The sale of your business to an Employee Ownership Trusts (EOTs) can be a tax free transaction if structured correctly. Given the potential changes to Business Asset Disposal Relief (BADR) this could be a more attractive proposition from a tax perspective.
Exit planning – substantial shareholding exemption
The optimal time to sell a business can be influenced by the potential tax implications. UK Corporate sellers can claim the “substantial shareholding exemption” (“SSE”) to exempt a gain on a sale from corporation tax.
Growing the value of your business - a lesson from Tesla
At some point, most business owners will have considered the potential value of their business - perhaps when they are ready to exit, but also often in the years preceding this with a view to increasing the value before going to market. The big question though, how can the value be increased?
Government guaranteed loan scheme known as Coronavirus Business Interruption Loan Scheme ("CBILS")
Further details have now been released regarding the detail behind CBILS.
We need to talk about Due Diligence
You’ve done everything right, you found a buyer, you’ve answered all their questions, you even got the offer letter through, it’s all plain sailing from here right? Well not exactly…
Making a smooth exit
Matt Crawley, Corporate Finance Partner, took a look at exit strategies for business owners.