"The contents of this material was published on July 26, 2016 and may be outdated and not reflect current facts. This materials should be used only as a reference."
As business owners plan to exit their businesses, they must confront the challenge of incentivizing employees – specifically, management – to stay with the company after they have left. Having a strong established, and committed management team to take the reins once an owner has exited is becoming more of a prerequisite that a luxury when selling or transferring the business to a third party. There are several reasons why a strong management team is essential to a successful business exit for owners.