As Holly Hunter's experiences illustrate, it's important to focus on the details when you're selling your business. When Hunter sold her company, a noncompete agreement that she had with an employee was not transferred to the business' new owner. That employee left and took many of the firm's clients with her, which led the new owner to file for bankruptcy. Hunter had not yet been fully paid for her business, and she ended up with no way to get the rest of the money she was owed.

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