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The importance of building your business as if you plan on selling it

Entrepreneurs embark on business ventures for many different reasons, but usually they are driven by passion, innovation, or the pursuit of independence.

Selling your business as a going concern

Usually when a business is sold it is a taxable supply that is subject to value added tax (“VAT”) at the standard rate of 15%.

How to prepare your business for sale

Too often, business owners wait until they are ready to sell their business before they start planning their exit which often results in them not achieving maximum value. You only sell your business once and appropriate preparation and thought is essential. While every business sale is unique, there are a few common tips applicable:

Selling of insurance books