Keith Tully: Consider an MVL as part of any business exit strategy

Planning for a time when your client will exit their business is vital, regardless of whether or not such an exit is on the immediate agenda. A sound and carefully considered exit strategy allows a director and/or shareholder to depart their company on their own terms when the time is right, while ensuring value is preserved and returns maximised as much as possible. For a successful business, their chosen exit strategy may well entail the eventual sale of the company to either a connected or non-connected party. In some instances, however, a sale will either not be possible or simply no...