There comes a time in every business owner’s life when you’ve got to hand over the keys to the next generation and let them take the reins.

Business succession planning prepares you for that moment, helping you to build a plan and structure the transition in a tax-efficient way once your successors are lined up to take over.

Without a firm plan, there is uncertainty, which may be a distraction from running your business. But with a plan, you’ll be setting your business up to move forward into the next chapter of its success, with everyone on the same page.


LEAVE A LEGACY THAT LASTS


Effective business succession planning rests on a detailed understanding of you, your objectives and the complex UK tax system. Our team have vast experience in building partnerships with clients in your position. We’re proactive, we ask the right questions, and we’ll help you to secure your business’s future and protect your wealth for retirement.

That could be through a sale to a third party or private equity, transitioning to employee ownership, or passing the business on to the next generation of your family either by sale or by gift, directly or into trust.

When we’ve explored and decided the option that meets your objectives, we’ll ensure it’s all achieved in a tax efficient manner.

We’ll consider carefully your Capital Gains Tax position, including Entrepreneurs’ Relief. And we’ll make sure you’re minimising Inheritance Tax on the wealth you’ve worked hard to accumulate.


TAKE THE FIRST STEP TOWARDS BUSINESS SUCCESSION


Some business owners fall into the trap of delaying their until something bad happens, or until it’s too late. It becomes reactionary, the process is rushed, and the potential is often lost.

We always say the best time to plan is when you don’t need it. And building a robust business succession planning strategy starts with a chat about you, your business, your exit strategy and your long-term aspirations.

You’ll be working with an award-winning team, and once we’ve got to know each other, we’ll discuss a plan together that considers how you can pass on your business in a way that suits you. And then, ultimately, we’ll make it happen.

STEVE ROUND

Tax Senior Manager


When something important happens, we make sure we're on top of it.

E: stever@cooperparry.com


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