There may be a time in the life of your business when it needs to prepare itself for external investment. Perhaps you’ve already passed the startup stage and are now looking to scale up or you are a mid-size SME ready for growth.

As another successful financial year draws to a close for the firm, Jolliffe & Co LLP have announced changes from 1st April 2021.

Having a shareholders’ agreement can help ensure your business is well run and maintains clear lines of communication between the shareholders

A Lasting Power of Attorney is a form which you can complete to allow one or more people (your attorneys) to make decisions on your behalf.

It can take a while to plan a business sale effectively, but it is advisable to consider an exit strategy as far ahead as possible – even several years in some cases. This helps you to define who the ideal buyer would be, and take practical steps to make your business as attractive as possible to potential purchasers.

One of the fundamental aspects of your business sale is the reason why you are selling. This is often something onlookers will first wonder. If you can’t clearly articulate this, you may arouse suspicion in prospective buyers that there is something to hide.

There are also some other key things to consider before putting your business on the market