Planning to sell your business

1. How far in advance should I start planning?
2. When should I realise my investment in a business?
3. Do I need to sell out if I want to retire?
4. Will I have to retire when I realise my investment?
5. What are the main options?
6. How can I realise my investment if I trade as a sole trader or in partnership?
7. What are the advantages and disadvantages of realising only part of my investment?
8. What are the issues I need to discuss with other shareholders, directors or partners?
9. Will I still have any responsibilities or liabilities after I sell?
10. Can I realise part or all of my investment but keep control of the business?
11. What are the main pitfalls to avoid?
12. How much will my business be worth?
13. How can I increase the value of my business?
14. What do I need to do to prepare my business for sale?
15. What can I do to minimise any tax liability?