The Transition Process
Explore the Compatibility
Learn about employee ownership and whether or not it meets the goals of the current owner.
Assess the Feasibility
Run the numbers to understand what kind of transaction will work.
Craft the Plan
Create a transition plan, secure financing, and draft documents.
Finalize the Deal
Sign documents, draw the loans, and transfer ownership.
Create the Culture
Implement open book management to create a culture of ownership and ensure the success of the transition.