Preparing a Business for Sale - CapitalQ

Preparing a Business for Sale

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

More about Accounting & Tax

We are committed to helping small business owners achieve peace of mind & reposition for future opportunities.

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What our customers say

Logo for Michael Gray
Duncan Melbin’s firm first became the business accountants for Exploration Data Services, and my Family, when he was still a Graduate Accountant some 16 years ago. Myself and my late business partner have followed him ever since!

In the early days Duncan was very proactive in regards to fine tuning our business structure and the benefits of getting the structure right early are still flowing today.

Throughout my time working with Duncan he has played a key role in ensuring our tax affairs have always been in order and our tax obligations have always been minimised and well managed.

Duncan has also played a key role in ensuring my Family and I have adequate wealth protection in place and that we have maximised our wealth creation including through a regular superannuation contribution strategy and the use of a self-managed super fund that keeps us engaged, in control and to a large extent free from the perils of the GFC.

More recently we took the opportunity to outsource our entire back office accounting function to CapitalQ including switching our accounting and invoicing to Xero. I now spend barely any time at all on my monthly accounting and Activity Statement lodgements, as CapitalQ have it all in hand. This allows me to focus on running my business better, and frankly to have more time to enjoy the spoils of a life in business.

I work closely with Kapil Bhasin, our Client Manager, and Peter Melbin, our outsourced Bookkeeper, and they are clearly very valuable assets for CapitalQ.

Working with Duncan, Kapil and Peter is very easy, they respond promptly to any queries I have and most importantly I have complete trust in the advice they give me and that my business affairs are being well looked after. I would recommend CapitalQ to any potential client without reservation.

So if you own a small business or are looking to grow your wealth I highly recommend you speak to the CapitalQ Team. They will give you good advice, and ensure you are on track for a sound business and financial future (and outsourcing your back office accounting process to them, and switching to Xero, will be two of the best business decisions you will make).

Michael Gray

Director - Exploration Data Services (Perth)

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