Who Should You Tell When Selling Your Business?

Confidentiality is critical when selling your business—it helps maintain stability with both customers and employees. While it’s wise to keep the circle small, you may need to involve a few key employees to support management presentations and due diligence (just be sure they sign an NDA). Notify your CPA early so they can help with strategic tax planning. And be cautious when discussing the sale with family—many confidentiality breaches happen through well-meaning relatives.