Preparing for exit
At some point you will want to leave your business – whether to move into a new venture, or to retire. Either way, you need to plan your exit well in advance to ensure that you optimise your position. You will also need to give consideration to what will happen to your business when you leave. Will it pass on to other members of your family, will your co-owners or partners continue the business, or will you want to sell it to a third party? Whatever you decide, you will need to make careful preparations to ensure the transition goes smoothly.