Owner-managed businesses often face a conundrum when looking ahead to retirement, especially around how to release any value that is held within the business.
Some may be family businesses, where the second or even third generation will take over the reins and the founder will be able to step aside.
However, for owners who do not have a viable succession plan or do not wish to hand over the reins, there will be a need to close the business down.
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With proper advice and planning, owner-managed businesses can navigate this path, secure a return on their investment in the company and obtain comfort that the closure has been dealt with efficiently and properly.
Selling the assets
In circumstances such as…
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