Selling your business could be the make or break moment in your journey towards financial success and achieving the lifestyle you have worked so long and so hard for.

The sale price you secure could be the difference between a life of luxury and peace of mind or a life of scrimping and saving and odd jobs to make ends meet.

And the tax you pay on that sale price can have just as big an impact.

Of course, you should be preparing your business for sale from the day you start it. Including a tax minimisation strategy for your eventual exit.

But the final stretch is ultimately where the race is won or lost.

Give yourself as much time as possible, ideally at least 2, even better 3, years prior to going to market.

But even if you are a little behind on that schedule, all is not lost. There are still opportunities to –

• Increase your business’ attractiveness to a potential purchaser
• Maximise your exit price and importantly …
• Plan your tax minimisation strategy in advance, before the opportunity is lost

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