Expediting Change Post-Closing

Many sellers feel a sense of relief or freedom once the deal is done. However, it’s not all over yet, it is likely you will have to help the owner in a transition phase and it is in your best interest to do so for a number of reasons.

For example:

  • you may be the landlord, and the buyer the tenant
  • your name remains on the company letterhead, and your personal reputation continues to be associated with the business
  • your former employees depend on you to have made the right decision in selling to the particular buyer, thus preserving their jobs
  • you may have provided vendor financing, with the payments relying on the performance of the business