The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

I am selling my business for 35,00000. My 50% partner feels that anyone that comes in should put in more mone

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer
Answers (2)
William A. Price
www.growthlaw.com
Business Lawyer
DuPage County, IL

As noted in other answers, you may have a legal right to compel dissolution of the business, which could force your partner to take whatever the forced sale value of their half would be. To determine what the business is worth, you could check with various business brokers to see what they would recommend for a listing price, could check with your lenders to see what valuation professionals they use and pay for a business valuation to determine fair rates of pay for each half, and could get some idea of what a new purchaser would think by looking at comparable sales in bizbuysell, pratt's statistics of private company sales, or other indicators of value. If there is a big enough opportunity and your industry is expanding, then you could get some growth investment in to satisfy your partner plus enough to buy you out. If not, then some "tough love" -- readiness to force dissolution, restart, and rebuilding to sell on your own instead of continued work with this partner -- may produce the value you need despite your current partner's objections.

Hope this helps,

Bill Price
wprice@growthlaw.com

Mar 26, 2013
No User Photo
The BAF Group LLC
MD

?

Mar 25, 2013