Business Exit strategies

Pigot Miller Wilson recognises that things happen in life and business that cannot be foreseen, therefore when starting a business you must always consider how you can exit from a/the business.  This changes over the life-cycle of your business and Pigot Miller Wilson will be there to advise on what is most advantageous for you and your business.

You should always consider the following:

• Having an appropriate agreement with business partners
• Market for sale of your business
• Minimisation of loss in the event that your business fails
• Requirements of winding up your business structures and the tax implications of this

Frequently asked questions

• How often should I review my agreement/s with my business partner/s?

These agreements are usually only reviewed when there is a change in structure or direction of a business – however it is important that your agreements are reviewed regularly.

• How much can I sell my business for?

Pigot Miller Wilson is often asked this question and we know that this is determined by the market, hence the answer is to ensure that your business financial health is at its best when you take your business to the market place.

• What happens if my business fails?

This is always a difficult time not only for your business finances etc but will take its toll on you and your family.  It is important to acknowledge that it is your business has come to the end of its life-cycle and it is not a reflection on you. Pigot Miller Wilson will coach you through the process and endeavour to alleviate the inevitable stressors.