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Selling the Business

Philip Marsden Managing Director at Vantis Corporate Finance presents the fourth in our series of articles on SMEs in which he writes on executing a sale
This is the fourth in a series of articles covering the life of an SME (small or medium-sized enterprise) and deals with the issues faced by proprietors in executing a sale of their business. We will touch on the key tax issues but will mainly focus on the commercial considerations.
Setting the Scene
Regardless of the current economic conditions owners of businesses have to recognise that at some stage they are likely to sell. Even the owner-manager who is happy drawing the annual profits will eventually reach the point...

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