Ep. 151 - Seller Financing — How to Sell Your Business Without Losing It

Seller financing is one of the most common ways small businesses change hands — and one of the most dangerous for the seller. The moment you agree to finance the buyer, you become the bank. And if the buyer stops paying, runs the business into the ground, or transfers it to someone you never approved, you're the one left holding the bag. In this episode, Rich Sierra breaks down the five things that go wrong when you finance the sale of your business: the buyer defaults, the buyer destroys the value, the buyer sells without consent, you get dragged back into liability you thought was over, and the promissory note turns out to be unenforceable because it was drafted wrong. If you're thinking about selling your business and the buyer is asking you to carry the financing, this episode tells you exactly how to protect yourself. How to Contact Rich Sierra: Email: [email protected]📞 Phone: 866-842-5202🌐 Website: https://www.FloridaSmallBusinessLegalCenter.com📘 Book: Business SOS! Eight Common Legal Mistakes Business Owners Make and How to Avoid Them – available on Amazon & Barnes & Noble📱 Facebook: @FSBLEGAL📺 YouTube: @RichardSierra🐦 Twitter/X: @Rich_Sierra📸 Instagram: @FSBLEGAL💼 Digital Business Card: https://poplme.co/hash/Qd9D1azj/1/s