Selling your business – Succession planning for a successful sale (Legal Road Map® Podcast S3E61) - a podcast by Autumn Witt Boyd | Go-To Lawyer for Online Entrepreneurs

It’s easy to want to check out when you’re ready to sell your business, but making sure you have a team in place to help with a smooth transition is an essential part of the sale process.

In this episode I talk about important questions to ask and preparing your team for the sale of your business:

• Important things to consider when thinking about who will run the business after you sell
• Terms to have in writing if you plan to stay on after the sale to help with the transition
• Why you might be required to sign a non-compete agreement
• Making sure your trade secrets are protected by nondisclosure agreements
• The right time to let your key employees know about the sale of your business
• Making sure your employees and independent contractors are appropriately qualified before you sell
• What you need to know about your independent contractor contracts before you sell

Key takeaway: Making a break from your business can be a stressful process, but with the right people and protections in place, you can confidently move on to the next adventure.

Additional resources:

Contract templates: https://awbfirm.com/contract-templates/

Episode 12: https://www.awbfirm.com/podcast12

Episode 37: https://www.awbfirm.com/podcast37

This podcast is information, not legal advice specific to your situation.

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Website of Autumn Witt Boyd | Go-To Lawyer for Online Entrepreneurs