We assist and advise the business owner when making critical decisions about the future ownership and direction of the business. Making the right decision at the right time is critical.
At Cotter Tax Consulting we recognise that it is important that succession planning is discussed among family members at an early stage. There are important tax reliefs that can be availed of where the owner of the business is transferring the business or shares in the company to family members. There are several conditions to be satisfied in order to qualify for these reliefs and we can help the owner ensure that these conditions are met so that the relief can be availed of.
Sometimes the owner may wish to sell the business or his/her shares in the company to a third party or he/she may wish to sell his/her shares back to the company. It is important to minimise tax when selling a business and careful planning is needed in advance of any disposal. Cotter Tax Consulting will provide advice in all of these situations.