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

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Answers (2)
William A. Price
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

Mar 26, 2013
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The BAF Group LLC


Mar 25, 2013