Reply To: After integrating a family business, should the former owner remain or not?

#110291

Jay
Participant

In most cases the seller that started and is a ‘key employee’ would have to stay on for a period of time (1-3 years) regardless if it is a family business. If it is a strategic acquisition/similar product/market then the buyer may not deem it necessary to have them remain. It would definitely be difficult for some family led business owners to adapt to the corporate management style as mentioned by Tobias above.

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