Buying, selling and starting a business
Setting up a business
Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business. That's where we fit in. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. As chartered accountants, Richardson Jones has the expertise to help you:
- decide on the most suitable structure for your business - sole trader, partnership, or limited company
- prepare a business plan, cashflow projections, budgets, and trading forecasts
- assess your finance requirements, advise on the best sources of finance and draw up the necessary proposals
- establish a good working relationship with your bank
- complete any registration procedures with Companies House / HM Revenue and Customs
- deal with company secretarial issues
- set up a recording system for your internal use and for complying with statutory requirements.
Buying a business
The support and assistance of trained professionals is invaluable when identifying and negotiating with potential targets. We can help you:
- identify potential targets
- screen targets for suitability
- prepare a negotiating strategy
- raise the necessary capital
- develop an integration plan
- optimise the tax and financial position of the combined enterprise.
Selling a business
Selling a business, however successful, is not easy. It involves detailed preparatory work so that it is presented in its best light to potential purchasers, setting realistic expectations as to the value that can be achieved and various ways a deal could be structured. We have the experience to help owners groom their businesses for sale, advise on the best time to sell and give valuations that are achievable. We can work with you to:
- value the assets
- identify and approach suitable purchasers
- carry out due diligence
- structure and brokering a deal
- arrange finance
- complete the sale
