Template for Transition Agreement or Operating Agreement

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from The University of Chicago - Booth School of Business
in Chicago, IL, USA

10mos ago

Template for Transition Agreement or Operating Agreement

Currently looking for a template for transition agreement or operating agreement if the seller is retained. Does anyone have a template that has worked for them?

0 Likes

92 Views

reply by an intermediary 10mos ago
from University of Texas at Austin in Austin, TX, USA

Please oh please have your lawyer prepare this, and it should be specific to the terms and transaction. There may also be items to consider given your financing or capital as well.

reply by a lender 10mos ago
from California State University, Sacramento in Seattle, WA, USA

Thanks for the tag Luke. If you're looking for an outline to use for your lender on how the transition plan is going to go, email me as I have some outlines for you. If this is a formal transition plan agreement with the seller, then per ^redacted‌ above, please do involve your attorney. :) redacted