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Innovative Edge - structuring business sale and minimising tax

The challenge

Having built and grown a successful pharma consulting company www.ie-launch.com, Steve Marsh received several offers for the business to be acquired by larger sector specific groups. Steve felt the business was in a great position for its next chapter, and also saw the opportunity to step aside and pursue new challenges.

With the acquirers being based in the US, he was uncertain how to best structure the sale to minimise tax exposure, and how to deal with international complexities associated with the business.  

The work

The Creaseys team worked with Steve to explore and agree the best way to manage the tax complexities associated with selling to a US buyer. We then delivered the necessary support during the deal process to ensure the optimal outcome. We also worked with one of our international advisor contacts to structure the deal in such a way that he could avoid a potential double taxation issue.

The Outcome

As a result of advice from the Creaseys team, Steve was able to reduce his international tax exposure by £650k.

Steve was incredibly pleased with the outcome of the sale and now feels a great sense of relief as he and Helen look ahead to exploring new opportunities in the future. 

At the time of writing, Steve is in conversation with Creaseys Wealth about how he might best invest and structure his money to preserve long term freedom and security for his family. 

“I wanted to say a big thank you for all the time and significant value you have added personally during this process. I’ve been super impressed with the speed and counsel you’ve provided. It’s been so valuable having a team around me I can trust and rely on.”

Steve Marsh

Shareholder and Director