Teacher portability

Definition

How easily a teacher can leave and take the students, since nobody licenses the instruction.

Why It Matters

No state licenses private music instruction, so there is no approval to obtain, nothing to transfer and no gap at closing, and that is exactly why the sale is riskier than the paperwork suggests. What holds the revenue is a relationship between a family and a teacher, and where teachers are contractors the studio has no claim on either. The credential that exists is voluntary and belongs to the teacher. So read the teacher agreements for what they say about students and notice, and treat a faculty with no agreements as a roster that can be hired away the week after closing.