Seminar on Business Exit Strategies

The recent Business Exit Strategies And The Recession seminar that Barr Ellison Solicitors ran with financial advisor 35 Finance and Business Doctors was a success.

The seminar was aimed at business owners who are considering selling their businesses in the short to medium term.  We looked at ways of maximising the value of their companies prior to sale, how a sale transaction works from a legal point of view, and how to maximise investment opportunities after a sale has gone through.

Michael Blakey, who chaired the seminar, comments: “The key issue is that careful planning pays real dividends when it comes to disposing of a company or a business.

“Putting in place a shareholder agreement, well-structured articles of association, and a financial and investment strategy early on will make life much easier when a potential purchaser appears on the scene.”

Independent financial advisor, Jeremy Davis of 35 Finance Limited, took a close look at potential pension arrangements for directors and owners, focusing on how to protect the value of a business and minimise tax liabilities on a business sale.

If you would like any advice on selling your business, please do not hesitate to contact Alison Barr or Michael Blakey.

The information given in this article is of a general nature only and should not be considered as advice applicable to any particular situation for which specific request should be made to us.

"We would like to thank Sarah Payne for her help in our dispute with our buyer and former conveyancing solicitors. We have learnt a lesson and will now leave all our conveyancing to Barr Ellison."
Ivan and Sue Woodhouse

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