Do freelancers behind a marketing agency usually stay after an ownership change?
Some do and some do not, and nothing about the agency’s past guarantees it. Freelancers have no obligation to stay, so ask them directly and look at how long they have worked with the agency, how they are paid and how much they depend on it.
Freelancers choose their clients each month. That makes them loyal to the people they trust and the work they enjoy, not to a company name. So the useful question is not whether freelancers stay in general, but whether these particular ones will. Ask the seller who the key freelancers are, how long each has worked with the agency and how much of their income it provides.
Then ask to speak with the main ones before closing. Listen to what they value: steady pay, interesting clients, a relationship with the owner. If it is the owner, plan how that will change. Ask also about payment habits, because freelancers drift away from agencies that pay late.
Check the paperwork too. Find out who owns the work they produce and whether any written agreement says so. Your lawyer can explain what must be in place so that the creative output you are buying is actually transferable. Think about backup as well. If one freelancer carries a whole service line, such as video or paid search, ask who could replace them and how long that would take. Gaps in coverage are easier to plan for before closing than after.
Key takeaways
- Speak with the main freelancers before closing, with the seller’s consent.
- Ask what they value most: pay, clients or the owner.
- Confirm in writing who owns the work they create.
- Identify any service line that rests on a single freelancer.
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Legal
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentHow to reduce employee turnover
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