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There are many things to consider around the timing of your business sale, this includes current economic climate, the stage of your business lifecycle, the health of your business, tax planning and management team strength to name but a few.

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Charles has taken over the family business and is now at the helm of a huge operation. Lets look at some of the areas you should consider around succession planning and what we can all learn from the Royal family.

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Reviewing your business structure and understanding why companies reorganise is important. Undertaking a business reorganisation can be used to split off parts of your business and can help to minimise risk, prepare for sale and create tax saving opportunities.

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A business exit strategy is a strategic plan that business owners use to leave or sell the business. Understanding the types of exit strategies available and the most suitable one for you is a crucial part of succession planning.

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Preparing your business for sale will ensure a smoother sales process and increase the value of your business. There is no doubt that early preparation is key.