(1888PressRelease)
May 08, 2008 - 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 by clicking on http://www.BizSales.ie/Seminars.
Contact:
BizSales Business Brokers
K2 WIN Business Park
Canal Quay
Newry
BT35 6PH
Ph: +44 28 30254713
Fx: +44 28 30254701
Martin Crilly, MD
martin ( @ ) BizSales dot ie
Keywords
Selling Up, Business, Sale, Valuation, Acquisition, Brokerage, Grooming
BizSales Business Brokers
BizSales Business Brokers is an internet enabled Full Service Business Brokerage providing a full suite of business brokerage services to both sellers and buyers of small and mid-market businesses.
The company uses a proprietary brokerage system and a confederation of local certified business brokers, to facilitate the confidential sale of high volumes of local businesses. Each BizSales Business Broker (or Business Transfer Agent) is the facilitator in the transfer of ownership of a business, in business sales, acquisitions and valuations. Each local Business Broker offers the full range of BizSales’ Brokerage Services including grooming for sale - a process that maximizes the sale value and the saleablity of the business and exit planning - a process leading to the exit of the proprietor in the least stressful and most tax efficient manner. More information on the company as well as buying and selling a business, acquisitions, mergers and valuations is located at the company web site at www.BizSales.ie.
Contact Martin Crilly, Director, Martin ( @ ) BizSales dot ie
Focus Business Advisers
Focus Business Advisers Ltd. (FBA) is an all island, full service consulting and business advice company specialising in assisting small to medium sized businesses. Our aim is to bring the best possible practical business advice and assistance to the SME sector in both parts of Ireland in a manner and at a cost that makes sense.
At the core of our service is the experience of our people – all our partner/directors have had practical, real world experience gained in senior management positions over many years in a range of industries, and in many cases their own businesses.
We help to identify the critical issues in a client’s business and address them in a manner that allows their business to move to the next level; whether that be, for instance, growing turnover through rapid sales growth or acquisition, a much improved work life balance for the client or even preparing the business for sale or succession.
Contact: Martin Cuppage mcuppage ( @ ) FocusBusinessAdvisers dot com
Financial Engineering Network
Financial Engineering is one of Ireland’s leading Financial Planning and Wealth Management firms.
We are independent and impartial advisers, who, in partnership with our clients, help them achieve sustainable financial freedom, manage the growth of their wealth and help them to effectively transfer their assets onto the next generation.
Financial Engineering supply expertise in many areas to achieve a client’s goals of financial freedom - Personal Financial Planning, Legal and Tax Planning, Investment Services and Private Retirement Trusts. The company has achieved an outstanding reputation for its independent and impartial advice, as well as its’ quality and excellence of the services offered – including its’ innovative approach to financial wealth creation for individual clients.
Contact Marie Fitzpatrick marie.fitzpatrick ( @ ) fen dot ie
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