Top Ten signs your company is for sale
10The articles of incorporation and bylaws are dusted off for the first time.
The articles of incorporation and bylaws are dusted off for the first time.Bills from attorneys and CPAs arrive saying, "... in connection with strategic evaluation."The CEO is heard using the term "value proposition."Too many "suits" in the conference room.The word "novation" slips out to your contracts department.The cleaning staff reports the eerie glow of copiers running at midnight.The CFO starts talking about "multiples of EBITDA."There are beach property magazines in the mailroom, and the CEO is taking fishing lessons.Stock options the CEO always promised are being granted (back-dated ofcourse).The CEO says, "We are NOT for sale."Source: Richard LaFleur of Grant Thornton LLP, and Craig Chason of ShawPittman LLP, at the Oct. 16 Greater Washington Government Contractor Awards dinner.
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