What kind of buyout do you want?
The kind of buyout you want might also influence the type of successor who will eventually head up your company.
The acquisition of the entire company is the most popular type of buyout in sales to third parties. A progressive buyout is more common in transfers within a family or to employees, and often used for a transfer to a partnership composed of family members and employees.
In several cases, the assignor sells part of his shares at the time of the transfer and accepts a balance of sale, with the amount and due date set out in the contract. This compromise tends to benefit the family or long time employees, even though part of the vendor’s financing for the transaction comes from financial partners, even when it is a sale to a third party. They recognize the contributing factor of the seller’s intention to ensure a successful transfer.