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Will I need to stay on after the sale?
The role of the seller after closing
Most buyers require the seller to help with transition issues, such as facilitating introductions to key clients and vendors.
Whether the seller stays on in a management role after the initial transition generally depends on the goals of both the buyer and seller.
Some sellers want to stay with the business and agree to continue in a key role such as managing sales or continuing to act as the public spokesperson for the company, while relinquishing the day-to-day management headaches of the business. Other sellers, especially those with other pressing demands or a desire to retire, may want to leave the company as quickly as possible after the transition period.
Other Frequently Asked Questions:
How much is my business worth?
How long does it take to sell a company?
When is the best time to sell a company?
When should I tell employees about a potential sale?
