Sale of Business
Ideally you will begin the orientation and planning process prior to selling the business. It is a common mistake to delay financial planning until the money comes in. If you have a likely buyer - start early.
It takes time to get a clear understanding of issues such as; how best to structure the deal in order to minimise taxes, how the after tax proceeds might fit into your life, how much income you will need to live your desired lifestyle, how you will make sure you don’t run out of money, and what are appropriate or inappropriate investments.
Case Study:
Stephen and Colette
Recipients of Sale of Business Wealth
Birmingham 2008
Stephen made his career as a fish restaurateur and over the years built one of the most successful restaurant chains in England. He built a business that was in healthy shape to hand on to the next generation but, as is so often the case with a family business, Stephen's most difficult decisions were not actually business but family related.
When Stephen first approached Wealthflow his intention was "... to pull some cash out of the business." He was ready to reap some rewards from his work and was looking to Wealthflow for recommended investments.
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