Restructuring your business can be useful in a number of scenarios that you may face in your business life.
Restructuring is a broad term that encompasses scenarios ranging from a simple reorganisation of business processes, through to more complex scenarios which involve a change in the legal structure of the underlying business. Restructuring should be contemplated when:
- Looking for outside equity
- Your business has outgrown the existing structure
- You are considering succession planning
- You are considering estate planning
- You want to protect certain assets from the risks of trading.
The benefits of restructuring
Successful restructures can minimise costs, utilise synergies of other entities, protect assets against unforeseen losses, and ensure flexibility for tax-effectiveness. However, there are many tax implications of changing your ownership structure, including Income Tax, Capital Gains Tax and Stamp Duty, that need to be correctly managed.
In any restructure, Accru’s experienced team spends the time to fully understand your business objectives. We then recommend a business structure that best facilitates your goals, and manage the transition of your business to the new structure.
How Accru can help you
Accru has completed hundreds of business restructures, many for family businesses interested in succession and estate planning. We take a commercial approach to business restructuring whilst managing and mitigating any resulting tax liabilities.
When done well, restructuring your business can achieve multiple objectives without giving rise to significant taxation costs, so you receive maximum value from the change.