Exit planning for small business
Article on the exit planning process for small businesses owners. Areas discussed include assembling an advisory team, determining financial goals, exit strategies, succession planning and personal considerations for owners and their families.
Succession plan brought about intended growth, my own retirement
Article on how one accountancy firm approached the forthcoming retirement of its shareholders. Describes its succession planning process and how it led to the development and growth of the firm.
Retirement needn't mean selling your business
Discusses how retirees can attain financial independence without selling their small business.
Your guide to a smart retirement
Advice for business owners on succession planning including common retirement misconceptions and tips for keeping a business in the family.
Rethinking retirement and succession plans
Article on retirement and succession plans for business owners. Building an out is every business owner's responsibility. It's easier to plan if you think in long time frames. Defining needs is a good place to start. Work on options to sell and reasons for buyers to engage in buying the business.
Transfer of power
Article on succession planning for advisors who are nearing retirement. Without a dedicated succession plan, your firm could face anything from a tumultuous hand off to your successor to a significant drop in value. However, if you do adopt a succession plan before retirement to prepare for your exit, you may not only realise a better value for your practice, but you may also provide for the long-term stewardship of your firm, including your employees and clients.
Selling your business: Your responsibilities
Advice from Gov.uk on your obligations when selling a company, partnership or sole trader business.
Selling your business and closing down
Series of guides from Gov.uk covering topics from closing limited companies to ceasing self-employment.
A guide to planning your retirement from your business
Article written by Clive Lewis, ICAEW's Head of Enterprise, which provides useful tips on exit planning, succession planning, business valuation and managing a successful transfer.
Tips and advice from the Chartered Accountants' Benevolent Association on preparing for and managing your retirement.
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- Pensions for business owners
Pension planning can be a crucial part of ensuring a secure and comfortable retirement. The sooner you invest in a pension the more you will have available to make the most of your retirement.
- Pensions for senior managers
There has never been more choice and flexibility for senior managers when it comes to pension saving. Most employees can choose from a wide range of investments for their pension fund, contribute more to their own retirement, and exercise greater control over drawing their income.
- Pensions for your employees
Major reform is sweeping through occupational pension provision and it affects every employer in the UK. Every business is being obliged to auto-enrol and contribute to their employees' pension schemes (phased in between October 2012 and February 2018).
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