Accessibility links

FREE CONSULTATION

Exit strategiesWe always advise our clients to develop a detailed exit plan that aligns their various business objectives with their personal goals.

Planning your exit from a business is a crucial step that requires careful consideration, no matter where you are in the process. Whether you’re looking to retire, pass the business to the next generation, or sell to a third party, having a clear exit strategy in place is essential for ensuring a smooth transition and securing the future you’ve worked hard to build.

At Hornigold & Co, we always advise our clients to develop a detailed exit plan that aligns their various business objectives with their personal goals. Business owners often focus so much on the day-to-day operations that they delay planning for their exit until retirement. However, a well-thought-out plan well in advance can help link your goals together, ensuring that you can exit the business on your own terms and achieve the best possible outcome.

We can assist with:

  • Company strike-off and liquidations
  • Tax efficient extraction of funds from your business
  • De-registering with HMRC in relation to VAT, PAYE or Self-Assessment
  • Tax efficient financial planning such as pensions/life policies (via our business network)
  • Inheritance tax planning

  • Company Strike Off and Liquidations: If your business is no longer viable or if you’re planning to wind down your operations, we can guide you through the company strike-off or liquidation process. Whether you’re looking to voluntarily dissolve your company or need to go through formal liquidation, we provide the necessary support to ensure a smooth and legally compliant process. Our team will help you with filing the necessary paperwork, dealing with creditors, and meeting statutory requirements, so you can focus on your next steps.
  • Tax-Efficient Extraction of Funds from Your Business: When exiting your business, it’s crucial to minimise the tax impact of extracting funds. We’ll work with you to create a strategy that allows you to withdraw funds from your business in a tax-efficient manner. From dividend strategies to utilising capital gains tax allowances, we’ll ensure that you can extract the value you’ve built while keeping tax liabilities to a minimum.
  • De-Registering with HMRC in Relation to VAT, PAYE, or Self-Assessment: When you’re winding down or selling your business, it’s important to ensure that you properly de-register with HMRC for VAT, PAYE, or Self-Assessment. Our team can manage this process for you, ensuring that your business is officially and correctly de-registered to avoid any future liabilities or penalties. We’ll handle the necessary paperwork and communicate with HMRC on your behalf, so you can stay focused on other priorities.
  • Tax-Efficient Financial Planning (Pensions/Life Policies): Effective financial planning is key to a successful exit. Through our trusted network of business advisors, we offer tax-efficient financial planning strategies, such as setting up pensions, life insurance policies, or other long-term wealth management strategies. These plans can help secure your personal financial future and ensure that you have a clear, tax-efficient structure in place for retirement or for passing on your wealth to the next generation.

Require more information?

If you would like more information or would like to speak to us direct then call us on 01291 624866. Or if you would prefer, ask us a question online.

xero-silver.png quickbooks-logo.png freeagent-logo.png