Hi Web Gurus,

I'd like to chat with anyone here who has successfully sold a web design firm in the past.

We have a design firm with five staff and 50+ clients, and we're planning to sell.

We've sent inquiries out to several design firms that we think would be a good match for our client's needs, and two have expressed interest.

But what are the legalities, here? What are the issues we need to consider with a sale/merger?

How do you price the sale of a company like this? How do you handle the transition of power? Are non-competes required when you sell your company to another company? (Meaning, you cannot design in the same niche for the next ----- years?)

Are you required to include company equipment in the sale (computers, etc.), or just the client list?

How do you ensure a positive transition for everyone involved?

I'd love to hear your thoughts,

Kelli