Best Advice
Exit Route Planning
According to a report commissioned by the Department of Trade & Industry in 2004, 30% of business closures are the result of viable firms closing because there is no suitable successor. Further, up to 95% of family businesses fail to survive to the third generation.
Having worked hard to build a successful business, planning how and when to pass on your business and maximise its value is an essential part of any business plan for the future.
If you wish to discuss the above further or require information on any of our services, then please contact us.
Any reference to legislation and tax is based on FPP’s understanding of UK law and HMRC practice. These may be subject to change in the future. Tax rates and reliefs will also change and their value to you will depend on your individual circumstances. No guarantees are given regarding the effectiveness of any of the above strategies.