Owner staying on post-acquisition, in a limited role

searcher profile

May 18, 2023

by a searcher from University of Florida in Asheville, NC, USA

Does anyone have experience with this? It sounds like it could be a huge benefit to have that person around, available, and vested. But I can also imagine it going poorly if they end up not wanting to give up control, are visibly disagreeing/disappointed constantly, etc.

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commentor profile
Reply by a searcher
from University of Pennsylvania in Bloomfield, NJ, USA
I agree with ^redacted‌. Agreeing on the scope of work and I'd add, tying their presence with performance over a period of time via contract will be critical.
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Reply by an investor
from Stanford University in Delaware, USA
It really depends on the type of business and the seller's role. I would define the specific scope of work and always have a fair exit clause if it doesn't workout.
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