I own 50% of a small business that does around 90,000 in revenue per year. After expenses, it’s closer to 70-75,000 for the total business net income.
If I wanted to sell my half to my partner, what would be a reasonable offer that I should accept?
I own 50% of a small business that does around 90,000 in revenue per year. After expenses, it’s closer to 70-75,000 for the total business net income.
If I wanted to sell my half to my partner, what would be a reasonable offer that I should accept?
The real answer is whatever the market will pay it, down to, and including, nothing. Everyone can say you pay this or that, but if your partner will pay .3 and you can’t find another person to pay you any more then you can either:
Most people try to get rich off of one deal/business having spent the entire time taking no money out of it, making no real money working in it, and put money back into it which is the entire antithesis of why you start a business to begin with.