flpanhandle
Recycles dryer sheets
- Joined
- Apr 13, 2007
- Messages
- 53
Regarding selling a business, has anyone ever been involved with an Earn Out Agreement\Contract as part of the transaction? If so, can you share your experience?
Earn Out Agreement
- Thread starter flpanhandle
- Start date
FLPanhandle, please don't multiple-post on this forum.
Put it up once (this area of the board is a good choice) and let people answer in just one place.
So far your post shows up three separate times in the "New Posts", "Portal", and RSS options. It's more noise than signal...
There are several posters who've experienced what you ask. They'll be along shortly to comment on what they learned from it.
Put it up once (this area of the board is a good choice) and let people answer in just one place.
So far your post shows up three separate times in the "New Posts", "Portal", and RSS options. It's more noise than signal...
There are several posters who've experienced what you ask. They'll be along shortly to comment on what they learned from it.
Humph. I responded to one of your posts, but it seems to have disappeared. Are you the buyer or the seller? My hunch is that you will have better success realizing on an earn out agreement as a seller if you stay involved in the business, lending your expertise so that the business can become as successful as you believe it can be. Otherwise, the buyer should have some good solid plans for growing the business and a proven track record.
flpanhandle
Recycles dryer sheets
- Joined
- Apr 13, 2007
- Messages
- 53
Sorry. Figured not everyone uses New Posts option. Will not happen again Sir!
flpanhandle
Recycles dryer sheets
- Joined
- Apr 13, 2007
- Messages
- 53
I'm the seller.
I really would prefer to walk away with a complete sale, ready to get out after 12 years, but if this is the only option, then I may have to consider it, only as a last resort, hopefully.
I really would prefer to walk away with a complete sale, ready to get out after 12 years, but if this is the only option, then I may have to consider it, only as a last resort, hopefully.
I think the moderators are still working through the "Merge Threads" process.
If this is what you end up doing as a last resort, be sure you have a good lawyer to negotiate terms and really pin down the formulas for what you will get in the future and have plenty restrictions on what can and can't be spent. It is hard to do a good job drafting without loopholes.
There are all sorts of issues to think about so be sure to have someone who knows what they are doing.
