Exiting your business: Completion and beyond
When the day of completion is over, you will no doubt give a huge sigh of relief that the business has been sold. However, that is not quite the end of the process, as there may still be things to be done, including:- completion accounts may need to be prepared and reviewed if these are to be used to finalise the amount of the consideration
- if any of the consideration is contingent on future events, calculations will need to be prepared and reviewed
- receipt of any deferred or contingent consideration
- negotiation and settlement of any amounts claimed under the warranties and indemnities
Following the sale you might have a large capital gains tax bill, and you may want to take tax planning advice to see how this can be minimised.
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Where next?
Within Selling your business…- The value of your business
- Finding and approaching prospective buyers
- The information memorandum
- Deciding what you should sell
- Form of consideration
- Heads of Terms
- Due diligence and contract negotiations
- Planning your exit
- Floating your company
- Exiting a partnership or minority shareholding
- Family succession
- Closing down
- Tax issues
- Contact us about this issue
- Read about how we can help you & your family
- Request a meeting with us
