Ask every buyer the same question
What happens to my team? Ask it early and ask for the answer in writing. A buyer who plans to merge roles or move the business should tell you before you agree terms.
Employees usually transfer with the business
In a share sale the company stays the employer, so contracts carry on. In an asset sale, UK TUPE rules generally protect employees' terms. Your solicitor can confirm how this applies to you.
Telling your team
Most owners tell key managers shortly before completion and the wider team on or just after the day. Tell them together, explain what stays the same, and introduce the new owner in person.
Culture is the small things
Pay dates, holiday traditions, how decisions get made, who people can go to. Write these down and share them with the buyer so they can keep them.
Put it into practice
General guidance only, not legal, tax or financial advice.
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