The advantages of company restructuring
Company restructuring can bring many benefits and help to meet the evolving commercial, financial and legal objectives of a firm. There will be times when a business may need to review and revisit its corporate structure.
With increased costs and higher interest rates effecting the profitability of many companies in the current economic climate, restructuring is a tool that many firms should review.
Many firms turn to business restructuring during difficult times, but restructuring can also be beneficial for those looking to increase profits and reduce tax liabilities at any time in their life cycle. It is also often required for specific reasons, such as in preparation for a sale or acquisition, or to safeguard assets.
There are many reasons and circumstances when a business may want or need to restructure. If you’re considering business restructuring, we have outlined some of the key benefits below.
For advice on restructuring and assistance with understanding the tax benefits that this may bring, contact our tax team for further assistance.