Why is it importance to maintaining Confidentiality in the Business Sale Process?

At the time a business owner decides to sell and if word gets out people unfortunately get fearful and think the worst and potentially leave having a negative impact on this important asset. Employees might think their job is threaten and look for new employment making it hard to serve clients and can be disruptive. Customers look for another suitable place which has a negative impact on the income statement, It is hard to do in this world of internet advertising and social media but at least as realtors we do not have to make it easy and truly work our book of business for prospective buyers.

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Lots of reasons. They don't want competitors, customers, suppliers, landlords perhaps, and the general public to know. It can be perceived as something may be wrong with the business, and speculation often goes to the negative. Also, if they are negotiating the details with a buyer, they may not want vulnerable information getting out from inside the business, because once someone has "inside" info, they may share it accidentally or intentionally.

Lots of reasons. They don't want competitors, customers, suppliers, landlords perhaps, and the general public to know. It can be perceived as something may be wrong with the business, and speculation often goes to the negative. Also, if they are negotiating the details with a buyer, they may not want vulnerable information getting out from inside the business, because once someone has "inside" info, they may share it accidentally or intentionally.

Torturous Interference.