4 ms·

I mean, at the least, can't you make it a deal that you're OK walking away from if you find yourself in this kind of situation?

• rhizome 9y ago
  Sure, you could sell the biz outright and wash your hands of the whole thing once the check clears.
  • jameskegel 9y ago
    I dream of that moment but can't help but feel I'd be doing something or someone wrong if I just disappeared to a small island somewhere expensive. Is it really possible to just disconnect after a sale? I'd be interested in hearing supporting anecdotes as well as to the contrary; I want to believe!
    • zanny 9y ago
      The company you sell to cannot legally bind you to working for them - that is indentured servitude. You can always leave any contract or job any time you want. The OP mentions "once the check clears" for good reason - because when making acquisitions your payout is usually contingent on staying around for the transition for a fixed amount of time - you don't get your payout until that deadline, and if you leave before then you void the obligation.
  • lmm 9y ago
    How practical is that? I guess more concretely, what kind of discount would you have to accept if you weren't willing to stay on for 2 years or whatever the standard practice is?