Selling your business

Our work in selling your business is usually in the following phases:

1

Grooming the business for a sale for a period of time before launching a sale. This will normally include a full audit of the following areas to identify and correct any possible problem areas: Accounting policies, Tax, VAT, PAYE and NIC, Assets and Liabilities.

2

Compiling and providing the broker with all the data that they need.

3

Advising you during the sales process.

4

Providing any additional information to the broker or potential buyers during the transaction.

5

Providing tax advice on the sale structure.

6

Reviewing the accounts and tax warranties and indemnities in the sale agreement.

7

Preparing your personal tax return to declare the capital gain subsequent to a sale.

Unlike a lot of accountants, we hold a DPD licence which means that we are specifically authorised under the Financial Services Act to advise clients on the sale of shares in unquoted trading companies.

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