You and your broker should have an understanding from the beginning about when and why a seller should let employees know about the sale of the business. Even if a business owner wants to first offer the business to a relative or an employee, the approach should be handled confidentially. Even a seller may have a very good relationship with their employees that spans many years, the sale of the business should be kept confidential until after the sale is official. The seller and the buyer should create a transition plan so that the business acheives its desired outcomes.
