The Holistic Accountant - Getting your business ready for sale

Getting your business ready for sale

12/05/23 • 7 min

In this episode, Stuart and Mena discuss strategies that can optimise your sale proceeds and the marketability of your business, including:

Financials – this is the first component that any prospective purchaser assesses.
Operations – businesses that are reliant on the current owner or their respective reputation are less desirable to purchase than those who have the Goodwill associated with the brand.
Get rid of dead weight – stock and staff
Customers – purchasers are weary if your customer base is heavily weighted to a small group
Structuring – Michael Tselepis's example
CGT concessions

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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In this episode, Stuart and Mena discuss strategies that can optimise your sale proceeds and the marketability of your business, including:

Financials – this is the first component that any prospective purchaser assesses.
Operations – businesses that are reliant on the current owner or their respective reputation are less desirable to purchase than those who have the Goodwill associated with the brand.
Get rid of dead weight – stock and staff
Customers – purchasers are weary if your customer base is heavily weighted to a small group
Structuring – Michael Tselepis's example
CGT concessions

Previous Episode

Tax-effective home repayment case studies

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In this episode, Stuart and Mena discuss strategies that optimise your ability to repay your home loan, including:

Everyone's situation is different.
If you earn business income and you encounter an unexpected tax liability.
Borrow to invest in shares.
Div 7A loan from the corporate beneficiary.
Distribution to family members and they deposit cash in your offset account.
Business restructure.

Next Episode

Sub-dividing land – tips and traps

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In this episode, Stuart and Mena discuss strategies to sub-divide land and common traps that people fall into, including:

Revenue v. capital account – you need to establish what your intention is from the onset.
Double duty – ensure planning is started after a nomination to avoid double duty
Partition agreements – if you’re going into partnership/JV, ensure the title is set up correctly to allow each respective party to take their agreed-upon share without incurring duty.
Use of the margin scheme – what is the margin scheme and how it operates?