Employees
When should I tell my employees that I am selling the business?
Most business owners wait to tell most employees until the sale is very close to closing, or after it closes, since a deal falling through after employees find out can hurt morale, trigger resignations, and even end the sale. A small circle of key employees, such as a manager the buyer needs to retain, may need to be told earlier, but usually only after signing a confidentiality agreement.
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