Words of Wisdom

Succession Planning and Maximising the Value of Your Business from a Legal Perspective

Hosted by ABM Director Gary King, with guest Richard Coulthard

Business owners have a wide range of options when considering their exit from a business. Options may include selling the business, transferring businesses to family members or increasingly popular options around employee ownership trusts or management buy outs. This podcast will look at the pros and cons of each avenue and what businesses owners need to be thinking about leading up to an exit to ensure both a smooth transition and to maximise the value.

Take aways will include:

• An independent, impartial view as to the options available to business owners on succession planning;
• Tips on maximising the value of your business;
• The importance of management teams and team culture on success and how to incentivise managers for your own gain;
• A timeline on planning for exit
  

About Richard Coulthard

Richard Coulthard is a Director and Head of Commercial Services at Ison Harrison Solicitors. With over 20 years experience in advising businesses on a wide range of topics, Richard’s core area of expertise is around the legal issues surrounding business growth and succession planning. Richard has extensive experience in mergers and acquisitions work. Richard regularly advises owner-managed businesses around the Country but has also previously advised major financial institutions, private equity , international PLC’s and investors. Ison Harrison Solicitors are a full service law firm based in Yorkshire, with 17 offices, approximately 250 employees and with a turnover of over £20m.