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This post discusses the basic legal and emotional considerations that go into a business owner selling his or her business. Whether structured as a stock or asset sale, the business owner must consider the categories of information identified in this blog and also be prepared for the unexpected emotional aspect of selling as well.
Your business lease plays a key role when it comes time to sell your business. Careful attention needs to be given prior to signing so your lease allows assignment based upon objective criteria. Otherwise, you risk your landlord extracting painful concessions to allow the transaction to proceed.
Introduction to Noncompete Agreements Employers have traditionally used noncompete agreements to protect their confidential and proprietary information by preventing a former worker from working for a competitior subject to certain geographic scope, duration and...