When should you tell your employees you’re selling your business?

One of the trickiest components of selling your business is deciding when to inform your employees that your business is for sale. The safest approach is to wait until the sale is finalized and the money is in your account. Revealing the news too early can lead employees to seek other job opportunities or spread the information to customers and competitors. In larger deals, you might need to inform key employees to assist with buyer presentations and due diligence, but ensure they sign NDAs to maintain confidentiality until the deal closes.