Accessing wealth in your business

The Grant Thornton 2004 IBR survey identified that having all your assets tied up in your business is one of the main concerns of business owners around the world.

Grant Thornton can help you get money out of your business and protect it, a process known as “Wealth extraction and preservation”.

Extracting and preserving wealth often involves moving assets and cash around, so minimising transaction costs such as capital gains tax and stamp duty are important factors to consider when balancing the benefits with the costs.

There are many commercial benefits from obtaining advice in regards to wealth extraction and preservation, including:

• protecting your assets
• diversifying you and your businesses risk by preserving wealth outside of your business
• avoiding bankruptcy
• understanding the value drivers of your business to ensure you will maximise the sale price on eventual exit
• understanding of how transaction laws will affect how much you will end up with
• preparing your business and you for succession
• being able to pass your wealth on to your family in the most effective manner (Estate Planning)

Grant Thornton can evaluate your business and personal situation to provide advice that outlines the options available to you and the recommended course of action. Planning ahead can often help avoid potential surprises.

For more information about how Grant Thornton can help you access and preserve wealth from your business, contact:

Tony Markwell
National Service Line Leader Privately Held Business