Member Event: Chadwicks Masterclass. Business Succession Planning – Where now?

On 30th October Rachel Reeves announced changes to Business Asset Disposal Relief which will see the tax charged on business sales increase by up to 80% over the next couple of years. While tax at 18% is hardly disastrous it has brought succession planning higher up the list of priorities for many business owners.

In this session we will be looking at the main exit routes for business owners in particular looking at the advantages and disadvantages of Employee Ownership Trusts.

Richard Ross will open the session with a discussion identifying the steps to prepare for the transfer of a business ownership. This will be followed by Mark Garner who will share his experience of both acquiring and selling businesses.

After the break, We will hear from John Kahn and Katie Harman who will consider the pros and cons of Employee Ownership Trusts.

The session will conclude with an opportunity for questions and general discussion.

Agenda:

Introductions

Business Succession and Exit Strategy overview

Richard Ross

Realising Business Value – a dispatch from the front line

Mark Garner

Comfort Break

Employee Ownership Trusts – why they deserve a closer look

John Kahn – Principal Associate Mills and Reeve

Katie Harman – Associate Mills & Reeve

Group discussions

Questions and Close

About our Guest Speakers:

Mark Garner started his professional career in corporate finance, advising clients of a regional accountancy firm on mergers and acquisitions. He has since acquired, developed and exited several businesses, is an experienced chairman and non-executive director and has a wealth of experience in building and realising business value.

John Kahn is a corporate tax lawyer with a particular focus on employee ownership trusts, employee buyouts and employee share schemes and options. John also specialises in the tax aspects of M&A transactions, (including with respect to warranty and indemnity insurance) and employment tax matters.

Katie Harman is a corporate tax solicitor who advises on a wide range of tax matters, such as corporate M&A deals, employee ownership trusts, and real estate tax issues