OWNER/SELLER REMAINING WITH THE BUSINESS BEYOND 12-MONTHS
I'm looking at an engagement with 3-owners who all handle sales and customer relationships. They are willing to stay on for >12 months as employees.
If that were the plan, would that render this deal SBA-ineligible?
Is there any way to work around this and maintain SBA eligibility with a different sort of employment structure?
Anyone with any experience or advice for retaining an owner(s) as managers/employees for an extended time?
My gut reaction isn't great here, but curious how others see it.