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Message
4
Posted on 4/23/24 at 2:30 pm to auwaterfowler
quote:
What if I sell my business to someone and then go right out and start another business just like the one I just sold?
The market will determine who gets future business?
Posted on 4/23/24 at 3:04 pm to auwaterfowler
quote:
What if I sell my business to someone and then go right out and start another business just like the one I just sold?
Or bought one last month paying extra for the non-compete clause.
Posted on 4/23/24 at 3:23 pm to auwaterfowler
quote:
What if I sell my business to someone and then go right out and start another business just like the one I just sold?
In California, where non-competes have always been illegal, there is a carveout allowing non-competes in this specific situation (along with a couple others - partners in a partnership, etc).
I would imagine the FTC has something similar in there but who knows. It may be as simple as saying that people selling a business interest aren't "employees" - which is true - so they aren't covered here.
Posted on 4/24/24 at 10:34 am to auwaterfowler
quote:
What if I sell my business to someone and then go right out and start another business just like the one I just sold?
Sounds like market competition to me
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