About this section
Exit readiness is one of 9 core areas where we can make a positive difference to your business. In this section you’ll find some insight and tips from our top inhouse lawyers. When is the right time to start preparing your business for sale if you’re planning an exit? There are two answers to this.
The first is the optimal one – which is to do it along the way every day. This is about designing good practices into your day 2 day operations and designing risk out as much as possible. With this approach, you’ll always be ‘show ready’. And it’s something inhouse lawyers and General Counsel excel at. We work side by side with MDs and managements teams as guardians of the company ensuring there are few to no skeletons in the closet that might jeopardise a sale.
The second is to do everything at the other end, when you’re looking to sell. Even here, the best approach is to start a few years in advance. This will give you time to get the house in order and deal with anything exposing. It’s always a good idea to think like a buyer when getting sale ready. They’ll be looking for reasons to bring down the purchase price. Best to get ahead of this if you can.
We have some brilliant expertise on the team to help with all of this with ideas that may not have crossed your mind. Hope you enjoy the articles but if you’d rather talk than read, give us a call on 0207 939 3959