This type of business sale is best for those entrepreneurs who want to step down and turn over the control of the company to the new buyer as soon as possible.

Question

Quizplus · Accepted Answer

A straight business sale allows the current owner to step down and transfer ownership and control to the new buyer immediately. This is a good option for those who want to exit the business completely and do not wish to be involved in the operations any longer. The other options, such as earn-out, sale of controlling interest, or ESOP, may involve a prolonged transition period or require the current owner to remain involved in the business in some capacity.

This Type of Business Sale Is Best for Those Entrepreneurs