Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.
A business owner who is not personally involved in the management or operations of a business.
The application of this term varies; some refer to business owners as absentee owners if they spend a minimal amount of time in the business, while others reserve this definition for when a business owner has no involvement at all. Absentee owners are more vulnerable to theft by employees unless proper internal controls are implemented in the business.
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