Note: A quick read on some key legal issues, but it begs the question “why even link to something like this when there is so little meat on the bones n the answers?” Too often as business owners we get our introduction to issues related to selling our business by taking a deep dive. We go to the two hour program on ESOP’s and get buried in the details of one of a dozen different exit options. We think articles like this are important because they give you a broad sense for the landscape. Then you can choose where to go from there.
Questions the article tackles:
- Process.
- Due Diligence.
- Term Sheet Negotiation.
- Basic Economics.
- Earn-Out.
- Closing Adjustment.
- Taxes.
- Structure.
- Ongoing Ownership.
- Employees.
- Closing.
- Consents.
- Representations.
- Indemnification.
- Escrow.
See the answers here: https://www.avvo.com/legal-guides/ugc/key-legal-issues-that-successful-business-people-consider-when-selling-a-company
