Business Succession Planning

Passing on your business is a huge decision and there are many factors you will need to think about.

An important consideration will be how to navigate the UK’s complex tax system to make sure the succession is as tax efficient as possible. 

There are many ways to pass on a business and we work closely with our Corporate Finance team to guide you through all the tax implications of succession planning.

We can advise you on:

• Passing the business on to a family member
• Selling the business to your management team (a Management Buy-Out or MBO)
• Transactional taxes on the sale of the business to a third party
• The sale of the business to an Employee Ownership Trust (EOT)
• The creation of employee incentives to retain key employees in the build-up to a potential sale

Meet the Experts

Want to know more?

Then get in touch with Mike Chapman - Tax Partner

01273 484913 | mike@knilljames.co.uk

Want to know more?

Then get in touch with Jamie Bird – Tax Director

01273 484 932 | jamesb@knilljames.co.uk