In the process of selling.
Ensure your sale sets you up for the next stage of life
Tax treatment varies according to individual circumstances and is subject to change.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
Achieve the financial outcome you deserve.
Selling your business is a big milestone, one that brings opportunity and complexity. As you navigate this life and career change, you must have a clear plan for what comes next, ensuring the wealth you’ve built works for you. A successful sale often results in a significant financial windfall. While this is what you’ve worked so hard for, it also raises important questions: How will you manage this money? How can you make it last? What’s the best way to structure it for your future? How do you minimise the tax consequences?
You’re already working with lawyers, accountants, and other professionals to finalise the sale, but it’s just as important to carve out time with a financial planner, so you have a plan in place before the money lands in your account.
Expert advice
This is how we provide solutions to your problems
If you’re in the process of selling your business, you’re making one of the biggest financial decisions of your life. We work with many business owners and understand the complexities of balancing your exit strategy with your long-term goals.
By putting the right financial plans in place now, you can confidently move forward, knowing your wealth will support your next chapter, whether that’s retirement, a new venture, or more time for the things you enjoy.
Thinking about your future
We take the time to understand your personal goals, and we listen to what matters most to you in life. We’ll take all this on board to create a bespoke plan to help you plan ahead for life after your business so that when the money arrives, you’re not faced with anxiety about what to do next.
Building tax-efficient solutions
Following the sale of your business, one of the largest impacts on your long-term wealth is paying tax unnecessarily. We can build bespoke tax-efficient solutions, utilising any available tax allowances. This way, we can protect and retain the wealth that you have worked so hard to build.
Thoughtful planning for better outcomes
We know this is a stressful time, and the last thing we want is to add to that by rushing you into financial decisions. Instead, we take the opposite approach and encourage you to move at a pace that feels right for you while we take the time to understand what’s best for you and your family.
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Frequently asked questions when selling a business
When is the right time to sell?
There are many reasons to sell a business, both personal and commercial. Some may be looking to retire, while others may want to move on to their next venture.
To maximise the value that you receive from your business, you need to ensure that it is in the right position when selling, which can take time.
Why would I need financial advice?
A financial adviser ensures that your current position is understood and establishes your needs and priorities for the future. You will also need to decide what to do with the sales proceeds, and we can help you navigate the options available to ensure that you do not lose money unnecessarily to taxation.
What professional advisers do I need?
For a transaction of this nature, alongside your financial adviser, you will typically need legal, tax and corporate finance advisers. We can help you build the right advisory team for the transaction to ensure that you get the maximum value out of your business, should you need our support with this.
What questions should I ask myself?
There are so many questions to ask, but some of the key ones include: “Why am I selling my business and what do I want to achieve?” and “Do I want to retire and step away altogether, or do I want to continue to work?” and “Are my management team interested in buying the business?”.
Where do I start?
Spending time working on your business, and not just in your business, is always a good place to start. You should also think about your long-term plans and objectives. The sales process will be busy and will likely bring high levels of stress. Therefore, preparation is key to ensuring you receive the right outcome.
Is selling my business the best option for me?
There is no uniform right answer to this. This depends on what’s important to you, both now and in the future. There are several different options to consider instead of selling your business and we will be happy to talk you through them.
What are the tax implications?
Over the years, there have been numerous changes to the taxation legislation that impact those selling their businesses. Therefore, you must seek professional tax advice and undertake the appropriate tax planning. This will maximise the tax efficiency of your business sale and ensure your wealth is in the most efficient structure following the sale. This way, you can ensure that you do not lose your hard-earned wealth by paying unnecessary tax.
How is the sale structured and what options are available?
There are many ways for a sale to be structured, and this depends on what suits both parties. Offers can be made in cash, cash plus shares in the new company, or cash plus loan notes. They can also be made with upfront payments plus deferred payments, subject to performance expectations being achieved.
Don’t just take our word for it.
In all our negotiations, David has explained things in an easily understood manner, which has made a complex procedure much easier to comprehend. Having never had any experience of the world of finance, I’ve found him supportive and informative.
The whole experience has been professional, friendly and informative. At all times, I could ask the “daft question,” which was really important for me as I was unskilled in this area and needed to trust the person I chose.
David was very thorough and went through every fine detail regarding my private pension. He gave me lots of guidance and different options. David always went out of his way to help me and is extremely knowledgeable.
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We love meeting new people and learning about you. If you are interested in finding out more, please schedule an introductory meeting with us by clicking on the button below. We do not charge for an introductory meeting, and we can both use this meeting to assess whether we are the right fit for one another.
Please note:
Kind Wealth does not advise on the setting up of a Family Investment Company. Family Investment Companies would be set up by a third party and Quilter Financial Planning accept no responsibility for this.
Kind Wealth can advise on the underlying investments held within a Family Investment Company.
The Financial Conduct Authority does not regulate tax planning, exit strategies and legal services. Legal services are by referral only.
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