How to tell your employees your business is getting acquired

April 02, 2021

business meeting with employeesWhen it comes to selling businesses, there are plenty of things to be considered. Not only do you have to do your best to make sure the transition is smooth for the new owner, but you must also make sure your employees are comfortable with the acquisition as well. With that in mind, here is a short list of tips to help you gently break the acquisition news to your employees and how a Palm Harbor business lawyer can help. 

Get Your Ducks in a Row

Although your employees obviously deserve to know that the business is getting acquired, make sure you’re not telling them prematurely. Generally speaking, the person or organization that is acquiring your business will expect a level of secrecy until the deal has gone through and things are in place. This is because hearing about a coming acquisition can spook employees, investors, and more. Therefore, make sure you have everything in place and settled before you break the news to your employees. 

Explain the Benefits

When it comes to new business acquisitions, many employees feel they will need to start looking for jobs because they assume the benefits will diminish. Therefore, you should take the time to explain the benefits of sticking with the company. This is especially true if the company will be giving out signing bonuses for employees who choose to stay. This is a major reason many choose to stay during business acquisitions. 

Consult with Business Law Attorneys in Palm Harbor

Lastly, consulting with a Palm Harbor business law attorney can be a great thing to do when your business is getting acquired. This is because a Palm Harbor business attorney will be seasoned in business acquisitions and will be able to better guide you and help you keep your employees on board. Therefore, finding a suitable attorney can be one of the best things you can do to help your employees better understand the acquisition. 

Overall, if you are looking for a Palm Harbor business attorney, contact us today. Here at The Law Office of Robert Eckard & Associates, we go above and beyond to ensure your transition runs smoothly. Rather than trying to go it alone, working with a qualified attorney is the best way to make sure all your bases are covered. Consult with us if you want your transition to move as swiftly as possible, all while allowing your company to remain intact. 

Our Testimonials

What Our Clients Say

Drew was excellent. Did what we needed to do. Was very professional and is a class act.

I wanted to thank you for supporting and believing in me all these years, Robert! You have definitely been an inspiration in my life and I appreciate you so very much!

Rob, I cant thank you enough for putting my mind at ease & taking time out of your day to handle my ticket. You’re a boss!

Positive: Professionalism, Responsiveness Mr Eckard and his staff swiftly resolved my issue without much back and forth and was communicating with me throughout the entire process. I was not sure what to expect as I never needed services but the outcome was great. More importantly the treatment and communication was exceptional-I would have no reservation to use this office in the future!

Positive: Professionalism, Quality, Responsiveness Drew Patterson was always available when I needed a consult and anything I needed and also very prompt with answers to all my questions. I would use them again for any legal issues. Thank drew for all you have done for me and my practice

view all testimonials
Stay Connected

Get Updates About Our Firm

Our Attorneys encourage client input to customize a strategy to provide the legal services you deserve. We provide experienced representation for those in Florida and now Texas.