Business Brokerage

Selling Your Business: When & How Do You Tell Employees?

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Whether you are currently in the middle of a deal to sell your business or just beginning to think about the process, at some point you will have to inform your employees about the intended transition of ownership. This is true whether you have 100 (or more) employees or just a handful.

A clear, undesirable occurrence is for your employees to learn of an intended sale from company insiders (not you) or, worse, rumors in the office, plant or on the street. News of a possible sale must come from you directly, which is why deal confidentiality is so crucial.