Category Archives: Business Transfer

Do’s And Don’ts When Exiting Your Business

I was out for a gentle stroll to keep the legs moving before the Waterford half marathon this weekend. When I say gentle, think barely moving or a fast walk. As one local wag said to me before when I was out running “I thought you did a bit of running” as much as to

Entrepreneurs Relief – Yes And No

Hello there from Tramore. I won’t lie it’s not the sunny southeast today. There are a few blackbirds huddled outside the window here, taking shelter. There are grumblings about the wind, the rain, and the expectation of Summer weather. Waiting to pounce for the rich pickings in the garden below. We took a spin up

Setting Up A Business – Company or Sole Trader?

Good morning all, and dare I say it, but the day is looking positive. Not exactly fry an egg on a stone but there’s some heat in it! It’s fantastic to see a bit of positivity about the place. The vaccines are getting out there and people are very excited to get them. My sister,

An Introduction to Holding Companies In Ireland

It’s a gorgeous day here in Tramore. A bit of a nip in the air but beautiful sunshine. The seagulls seem happier and some early morning walkers are enjoying a stroll on the prom. What a feast of rugby we had last weekend. Some unreal performances from Henshaw, Beirne, Conan, and Sexton to give us

Options To Exit My Business – Part 2

I am meandering my way through Sean Gallagher’s book ‘Secrets to Success’. The book is excellent. The focus is on the success stories of many Irish businesses that we know something about, but not a lot. I recently read about Done Deal. It was set up in 2005 by Fred Karlsson and his wife Geraldine

Options To Exit My Business – Part 1

It’s a nice calm day in Tramore. Although there is a lonely wave or two creeping over the prom wall. Waiting to engulf an unsuspecting passerby. The Metalman is visible and surveying the bay for early morning swimmers. All that is missing is a whistle and a warning light to assume the role of an

Business Exit Planning – Retirement Relief

This relief applies on the disposal of your business assets once you are over 55 provided certain conditions are met. There are two different reliefs, one on the disposal of business assets outside of your family and the other on the disposal of assets to family members. Despite the name of the relief there is

Business Exit Planning – Entrepreneurs Relief

To continue on with our theme of doing various blogs around business succession I thought it would be useful to look at the main tax head on a disposal or transfer of a business, which is Capital Gains Tax [CGT]. The current rate of CGT is 33% which means that you hand over 1/3 of

Business Exit Planning – Company Valuations

Company Valuations This week we are continuing our series of blog posts on business exits and the various aspects of this topic that we have come across and have been involved with over the years. This week we are going to look at Company Valuations and how you would go about putting a value on

Business Exit Planning – Pensions

We are going to run a series of blogs [6 to 8] to cover a lot of the aspects of business exits that we have been involved in over the last few years and try and highlight some of the common themes that keep occurring. When we talk about business exit this could be an