Should I let employees and staffs know that my practice is for sale?

February 21, 2014 by Nhi Huynh in

Should I let employees and staffs know that my practice is for sale?

We advice that you try to keep the sale of your practice reasonably confidential until the transaction is done. Some practices take longer than several months to sell. Informing employees early on that the practice is for sale may create a false expectation of when the practice will actually sell. Employees may then decide to seek employment elsewhere. Good timing of disclosure can avoid unnecessary employee stress and fallout.

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