If you want to transfer your business to a third party, it is very important to determine exactly who that third party is. Is it a management buy-out or is it an actual third party?
Depending on the person of that third party, your business will need to be made 'sale-ready'. Making sure that you have your records in order turns out to be less obvious in practice. In this context, you can best compare a business to a second-hand car: the more guarantees can be given, the higher the price will be. Conversely, a buyer will want to pay less if there are too many uncertainties.
You can also prepare your business for sale by, for example, scrutinising your business structure and all assets in good time. For example, if you want to take advantage of certain tax breaks, the law requires that the business structure remains unchanged for a certain period (usually 3 or 5 years). In this context, consider, for example, 'hanging on' to property. Taking timely action can save you - depending on the value of the real estate - tens of thousands to hundreds of thousands of euros in transfer tax.
Our experts know the ropes and will be happy to help you buy or sell your business. For more information, please contact us. We will be happy to help.
pkooijman@kooijmanautar.nl
Linkedin
