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Some of the most common reasons for selling a business are retirement, lack of successor, divestment of non-core businesses or a desire to realise an unquoted investment. Whatever the reason, it is important that you seek professional advice from the outset.
The sale process can be lengthy and discussions over issues such as warranties and indemnities can be major stumbling blocks. Handling negotiations can also be a time-consuming and skilled operation.
We can help you groom the business for sale, assess the value of the business, draft the required sales documentation (including the information memorandum), target and screen potential buyers, undertake due diligence work and drive the deal to completion securing the best possible price.
Taxation will play a large part in how the deal is structured and closed You may consider reducing the value of the company and capital gain exposure by drawing profits which have already been taxed. Grant Thornton's experienced tax advisers will be able to help you weigh up the alternatives and arrive at the best option for shareholders.
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