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What advisers will I need?
A corporate finance adviser can help you groom the business, identify potential purchasers and market the business to them. It is usually worth using a specialist adviser, working with your accountant, unless your accountant has expertise in this area.You will need a corporate lawyer to draft and negotiate the sales agreement. Your lawyer may also need to be involved in preparatory work such as formalising contractual relationships with customers, suppliers and key employees in preparation for the sale. It is sensible to discuss your plans with your lawyer before taking any other steps.
Your advisers should include individuals with expertise in minimising tax liabilities; if not, you will need a separate tax accountant or lawyer.
