NewswireToday - /newswire/ -
Newry, Down, United Kingdom, 2008/05/07 - BizSales Business Brokers, in conjunction with Focus Business Advisers and Financial Engineering Network have organised a seminar on “grooming your business for sale, selling it and enjoying the hard earned proceeds”.
The seminar will be held at 6pm on Tuesday 13th May 2008 at the Alexander Hotel, Dublin, and will cover three essential areas:
(a) the preparation required by business owners to maximise value & saleability;
(b) the steps needed to be taken now to minimise tax liability and at the same time maximise owners’ remittances from a sale;
(c) some of the opportunities available for re-investment of the proceeds.
Speaking on the night is Paul Clarkin, Managing Director of Focus Business Advisers in Dublin, an experienced adviser on the purchase and sale of businesses throughout Ireland. Paul will be talking about the aim of “Grooming” your business and the features that make it attractive to potential buyers. The talk will cover decisions on what aspects of the business to ‘groom’; what Value Drivers to work on - Cash Flow, Profitability, Sustainability etc. in order to maximise the Sale Price.
Also speaking is Sonja McAntee, Managing Director of Astons (who work in partnership with FEN to help clients in wealth management and retention). Sonja is an expert on legal and taxation aspects of domestic and international property transactions but during this seminar she will provide helpful information on how to prepare for the sale of the business in terms of taxation of the proceeds. The third speaker is Iain Cahill, Associate Director of FEN who will give some interesting insights as to the opportunities for reinvestment of the proceeds of the sale.
Martin Crilly, Director of BizSales Business Brokers in Newry, sponsors of the event said “If you are the owner of a business anywhere in Ireland, even if the concept of exiting is a long way off, it is essential that you begin preparing for that eventual day now. Good quality impartial advice now, sometimes years ahead of your exit, is essential for you to maximise your return on your investment, whilst at the same time minimising the stress of selling and the taxes to be paid on the remittances from the sale.”
“We sponsored the event because selling a business can be the largest and most important deal of an entrepreneur's career. Whatever prompts the sale - illness, age, partner disputes or financial hardship - selling your business is a high-stakes transaction, with far-reaching financial and emotional consequences. Selling your business could be the most important financial deal you'll ever make. For many owners, selling the business they've spent years building up can also be emotionally difficult. And unless you've sold another business previously, you'll have no experience to help you. Selling a business represents a once-in-a lifetime opportunity to turn a career into a tangible profit. A thorough understanding of the issues involved, as well as the necessary timescales, can help maximise the business’s value.“
There is no cost for the event, but booking is recommended.