Corporate solicitors to help you sell or retire
Our specialist corporate solicitors in Bath, Frome, Sherborne and Wells, are experts in all aspects of corporate law. So if you’re planning to exit the business or retire for good, or if you need help overcoming other business challenges, our corporate solicitors are here to support you at every stage.
Making the decision to exit or sell a business is not an easy one. When it comes to preparing a business for sale, the key to a successful exit is careful planning – this can begin years in advance. With so many legal and financial aspects to consider and hard decisions to make, it’s important to have a team of trusted advisers to work alongside you. Our corporate experts will get to know your business, what you want for its future and what you want or need to achieve from the sale, before advising and supporting you through the next steps.
Our services include:
Getting your business ready to sell
Preparing the business for sale is an important first step. To help you take that first step with confidence, our corporate team offers a free legal audit of your business. The results of our audit will help owners identify the key selling points of the business, highlight any areas for improvement to increase appeal and maximise the value of your business.
Structuring your exit or sale
Whether you’re selling your business as a trade sale, share sale, a management buy-out, to investors, as part of a business strategy or due to retirement, planning a smooth business exit and disposal strategy is essential for a successful transition or sale. Our team of experts can work with you and your accountants and tax advisors to help you develop your strategy and guide you through the process, ensuring your interests are protected and the exit is hassle free.
Next steps: get in touch
If you are thinking about selling your business and would like to understand the process, talk to our friendly team of corporate lawyers on: 0800 533 5349 or enquiries@mogersdrewett.com
Meet the team
Frequently asked questions
In general, business owners need to begin planning at least three years before they intend to exit or sell their business. But it is really never too early to have an exit strategy.
The price earnings ratio (P/E ratio) is the value of a business divided by its profits after tax.
Taxes on selling a business will depend on your operating style and the sale structure – whether you sell all your business through an asset sale, or part of your business through a share sale. If you are considering selling, seek advice.
BADR, previously called Entrepreneurs’ Relief, is a capital gains tax (CGT) relief intended to incentivise individuals to grow and invest in their businesses. It is a valuable source of relief for higher and additional rate taxpayers.
- You must have owned the shares for at least two years before claiming business asset disposal relief
- You must be entitled to at least 5% of the profits if the company is sold or dissolved
- You must have been an employee or office holder of the company for at least two years.
