Areas to consider include:
- Whether you want to retain any investment in the business.
- Whether you want to realise any capital from the business and whether the business needs to raise additional financing to allow for this.
- How ownership of the business will be shared yourself, your spouse, your children and any other owners.
- How any transfers of shares or assets can be arranged tax-efficiently.
- Who will manage the business, including whether you will have any future role in management.
- Grooming your chosen successor and planning the handover of control.
