Growing a young business can be challenging, with seemingly
endless demands on your time. With so many issues to deal with just
to ensure short-term growth and success, it may seem strange to
start thinking about a longer-term exit strategy that will take
place at some point in the distant future. However, the mantra that
'it's never too early to prepare for an exit' holds
particularly true for high-growth companies that can attract the
attention of potential suitors early on in their lifecycle.
It is also important to plan and structure your exit or
succession well in advance so as not to lose out on the various
government-sponsored tax reliefs, such as entrepreneur's relief
which can reduce a tax liability from 28% to 10% of the gain.
