How long will a buyer expect that I remain with the Company?

Depending on the nature of the business and owner dependency, transition periods may range from 6 months to 2 years. It is common for the former owner to start the transition period on a full-time basis and then phase into a part-time consulting role. Initial transition periods usually do not include any compensation whereas subsequent consulting will involve compensation. Transition periods, are in all cases, part of the deal negotiation.