Blog

Business Tax: Succession, exit planning

Home- Insights- Blog- Business Tax: Succession, exit planning
Tim Humphries - Menzies Accountant

Tim Humphries – Business Tax Director

Menzies 'EXIT' icon

All businesses owners will at some point exit but the methods and options are numerous and varied.   Businesses may be passed down from generation to generation either on death or before, sold to third parties or perhaps pass to the management or the employees.  Alternatively, the business may cease and for companies they may be liquidated to extract any assets back to the shareholders.  

Businesses should have a clear succession and exit plan, which of course may need to be adapted over time as circumstances change, but will enable the business to plan ahead in respect of both commercial and tax implications of this plan.

Contact Menzies Business Tax Team
















Print Friendly, PDF & Email
Posted in Blog

Tim Humphries - CTA

Director

Tim Humphries is a Director in Menzies London office specialising in business tax and personal tax planning for individuals, UK & overseas SMEs.