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Money and Finances
Reply to "We’re rich and uncomfortable talking about money as a result"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When they ask how much you sold your business for, just say the terms of the deal included confidentiality so you can't reveal it or they'll do X. [/quote] Wut?! :lol: :lol: [/quote] A lot of business sales include a confidentiality clause, and theres'a penalty for violating it. For example, the previous owner may have been allowed to retain a few shares in the new company, and they could lose those. Or they could be sued for monetary penalties if the contract included that.[/quote] Yes some business sales include a confidentiality clause. But you are encouraging people to lie about having a confidentiality clause when they don't. They are better ways to not reveal it details about your business. Pretending that there was a confidentiality clause when there wasn't is a stupid lie. [/quote]
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