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Previous owner can start the same business immediately and poach all the clients, reducing the value of the sold business to zero. Buyers obviously anticipate

Previous owner can start the same business immediately and poach all the clients, reducing the value of the sold business to zero. Buyers obviously anticipate this and won't buy the business without the non-compete.

hedgehog 7mo ago
That would violate a non-compete attached to the sale.
- dismalaf 7mo ago
  The posted article is literally about banning non-competes.
  - hedgehog 7mo ago
    ...for employees. For business owners there are different rules (IIRC > 1% ownership threshold).