Seller employment or consulting > 1 year

August 30, 2024
by a searcher from The University of Chicago - Booth School of Business in Santa Cruz, CA, USA
Hi all,
Does anyone have any experience with seller consulting or employment agreements greater than one year? My understanding is that the 2024 SBA SOP allows these, but I am not clear on the specifics.
What factors make them feasible or not feasible - e.g., treatment as employment versus business services, variable pay components, term, etc.?
Thanks!
from California State University, Sacramento in Seattle, WA, USA
from George Washington University in Raleigh, NC, USA