Keeping Your Business Healthy
How do you transfer ownership and preserve the health of the business, and the health of the relationships? If the transfer process becomes acrimonious, it’s going to hurt the relationship–that's a given–but it’s also going to hurt your business.
Transfer mediation is an effective and efficient process to negotiate key terms when selling your business, preparing a valuation, or resolving employment disputes. When a third-party mediator sits down with both parties to help them work out a plan, you increase the likelihood of sustaining a healthy business.
For example, if you have a partner who wants to buy you out, and you want to sell your interest in the business, when each of you gets your own attorney, it can get acrimonious quickly. On the other hand, if you have a skilled mediator at the table, you might be able to come to an agreement together. It’s a much better process.
Jim Cumbee, the Managing Director of Tennessee Valley Group, is a business transfer mediator. Jim is a JD, MBA, Master Certified Business Intermediary and a Tennessee Supreme Court Rule 31 listed general civil mediator. If your business could benefit from transfer mediation, Jim has the expertise you need.
