Summary
This guide outlines the essential advisory teams that entrepreneurs should build prior to exiting their business. It details the roles of various advisers, including Corporate Financiers, Corporate Lawyers, Business Accountants or Tax Advisers, and Corporate Bankers. The Corporate Financier's role is to identify suitable buyers and assist in negotiations, with a recommendation to engage them at least 24 months before the planned sale. Corporate Lawyers are responsible for negotiating legal documentation and supporting due diligence, and they should be engaged 12 to 18 months prior to the sale. Tax Advisers play a crucial role in managing tax implications and should be proactive in organizing financial affairs. Lastly, Corporate Bankers assist during the startup and growth phases, with recommendations from networks being vital in selecting the right advisers. The document emphasizes the importance of assembling a knowledgeable advisory team to facilitate a successful business exit.
