Lawyer Helen Curtis explores the issues to be aware of when mulling and ultimately executing a management buy out
Successfully setting up your own business is a lifetime's work, and sometimes it can be hard to work out what to do when it is finally time to step away. Not every owner of an independent financial advisory firm will want to sell to a third party. Maybe they are worried clients will want continuity or maybe their business is of the wrong size to be attractive on the acquisition market. Particularly for small but successful firms with close bonds with their clients, these issues can be a problem. But that does not mean there is not a way out. Instead, the right route may be a managem...
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