The quality of your management team will directly affect the sale price you will obtain for your business. It also impacts the number of potential buyers for your company, as well as the time it will take to sell it.
If you are the sole member of your management team, the only strong manager in the group, or your staff has not been working together long, you have reduced the potential purchase price, restricted the possible pool of buyers and lengthened the time it will take to do your deal. To maximize your opportunity, have an attorney assess your team.
– Ralph DiLeone, The DiLeone Law Group