- Selling a business or a significant business asset is a critical point in the life of any business owner. With strained economic times it is more important than ever that the business owner is able to maximise the value they have created in their business. Being ready for this critical point at any time, and planning for its aftermath, will ensure the business owner will be placed in the best position moving forward into new business ventures or retirement.
- Day 4 of this series will provide practical guidance on how both tax practitioners and business owners can approach the business sale process, how to exit a business entity and what concessions may be available to maximise their after tax return.
- Topics covered include:
- readying the business for sale
- determining and treating sale proceeds
- ensuring access to small business CGT concessions
- bringing an entity to an end
- disablement and death - the unexpected exit
- utilising superannuation funds to facilitate succession and exit.