26 Oct Internal Succession: What’s Fair?
Typically, there are two “buyer pools” to consider when selling your company. An external buyer is the obvious selection if your only objective is to maximize value. However, if the non-financial aspects of your business such as legacy, employees or community take precedence over the maximum sale price, you may consider an internal sale to a family member or a group of key employees.
To ensure a successful result for everyone involved, here is a list of some variables to consider before implementing an internal transition.