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What happens after you sell your business?
Many people don’t understand that you have just turned a very valuable asset that was exempt from Inheritance tax into a pile of cash. Careful planning can help you achieve your financial goals and live the lifestyle you deserve in the future in the most tax-efficient way.
Of course, you can keep the profits for yourself, but you could also consider:
- Do you want to leave a substantial amount to your family?
- Are you interested in helping the community?
- Do you want to set up charitable gifts, or even your own charitable foundation?
What’s more, if your business doesn’t have any value other than you, maybe you’re an IT contractor or a plastic surgeon, how can you organise the business finances now to make your future more secure and enjoyable, tax-efficiently?
We offer practical advice and support throughout your journey. Get in touch today for a no obligation chat.
By Gregor Watt
Managing Director and Chartered Financial Planner
HJP Chartered Financial Planners
To find out more about Greg, click here
For more information, take a look at our Business Owner Advice Service
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