Tom Moore: There'll be time enough for countin' when the dealin's done

Exit strategy on company sale

clock • 6 min read

Tom Moore borrows some life lessons from Kenny Rogers in this article for Professional Adviser that explores the tax options when selling a business

The enduring popularity (in some quarters) of the old song "The Gambler," most famously performed by Kenny Rogers, probably stems from the timeless pearls of wisdom in its lyrics. "You never count your money when you're sittin' at the table…" Kenny sang, and that could be the mantra of any owner of a small to medium-sized business.  Aside from the need for good financial management, it isn't helpful, for the entrepreneur, to think too long or hard about the value (at any moment) of the business they are building. There may only be one occasion when that will matter. But for most bu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Editor's view: FOS/FCA face balancing act in huge week for advice

Editor's view: FOS/FCA face balancing act in huge week for advice

The editor's Friday Night Takeaway from 15 November

Jen Frost
clock 15 November 2024 • 3 min read
PFS Conference 2024: Advisers must put culture before cash when selling up

PFS Conference 2024: Advisers must put culture before cash when selling up

‘Important to take control of your exit planning’

Jenna Brown
clock 13 November 2024 • 3 min read
PFS Conference 2024: Increasing margin must not drive advisers to operate own platforms

PFS Conference 2024: Increasing margin must not drive advisers to operate own platforms

Relatively limited upside in face of significantly increased risks

Jenna Brown
clock 13 November 2024 • 3 min read