Episode Summary:
In this informative episode, Kevin Brick breaks down the legal risks that can derail business sales and damage an owner’s legacy. He discusses the most common types of lawsuits that arise before or after a sale—from employment disputes to partner conflicts—and explains how these can impact deal value, delay closings, or lead to post-sale litigation. Kevin also explores successor liability, overlooked family business disputes, and strategies to mitigate risk through due diligence, proper documentation, and smart deal structuring. Business owners will gain practical insights on how to protect their company, their assets, and their legacy through proactive legal planning.

Key Timestamps:
00:01 – Show Introduction
01:12 – Common Lawsuits That Blindside Business Owners Before a Sale
03:40 – How Pending Lawsuits Affect Deal Value and Negotiations
05:05 – Understanding Successor Liability and Post-Sale Risks
06:42 – The Role of Representations, Warranties, and Indemnity in a Deal
08:15 – Overlooked Risks in Family-Owned and Closely Held Businesses
10:10 – Employment-Related Lawsuits and Their Impact on Sales
12:05 – Pre-Sale Strategies to Identify and Resolve Legal Risks
13:55 – How Buyers Shift Risk Back to Sellers in Negotiations
15:20 – Understanding Earnout Provisions and Their Hidden Dangers
16:45 – The Role of Insurance in Post-Transaction Liability Protection
17:45 – Protecting Assets and Legacies Through Smart Legal Planning

About the Show:
“Business Owners Legal Issues: From Growth to Exit” is the go-to podcast for Florida entrepreneurs looking to build, protect, and maximize the value of their businesses. Each episode features practical insights from Kevin Brick of BRIC Business Law, covering strategies for risk mitigation, litigation avoidance, and deal readiness. The show offers actionable advice for owners preparing to grow or exit their companies—helping them safeguard what they’ve built and secure their financial legacy.