Hopefully, on line you can find some comparable sales to establish the value.
On Thursday, April 5, 2018, 10:33:09 AM CDT, David via CnC-List
<[email protected]> wrote:
#yiv3792030982 #yiv3792030982 -- P
{margin-top:0;margin-bottom:0;}#yiv3792030982
Therein lies the rub...what is fair market value? In today's market you
really don't know until you get the reality check of "Well I think its worth
$X" at 12 months later not sold or it is sold for a percentage of $X...
David F. Risch
GulfStreamAssociates,LLC
(401) 419-4650
From: CnC-List <[email protected]> on behalf of Joe Della Barba via
CnC-List <[email protected]>
Sent: Thursday, April 5, 2018 11:23 AM
To: [email protected]
Cc: Joe Della Barba
Subject: Re: Stus-List Partnership buyout - without an agreement
Without a defined buyout, this is kind of a pain. My first guess would be the
person leaving owes you 25% of fair market value.
Joe Della Barba
[email protected]
From: CnC-List [mailto:[email protected]]On Behalf Of Andrew Means
via CnC-List
Sent: Thursday, April 05, 2018 11:16 AM
To: [email protected]
Cc: Andrew Means <[email protected]>
Subject: Stus-List Partnership buyout - without an agreement
Hey all -
I’ve been part of a boat partnership for the past 9 years with three of my
friends. This partnership has lasted over a series of boats and we’ve had very
few issues with the whole arrangement.
Presently however one of the partners is wishing to be bought out or to sell
their share, just before a re-rigging project.
Since we don’t have an agreement in place we have to navigate these waters
ourselves, but I wanted to see if you guys had experience or knew what the most
common buyout arrangements (i.e. what agreement *might* we have signed had we
signed one 9 years ago?). If we find a buyer we all like in short order then
this may all go perfectly smoothly, but if we don’t I’d like to have advice for
the best way(s) to proceed.
Andrew
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_______________________________________________
Thanks everyone for supporting this list with your contributions. Each and
every one is greatly appreciated. If you want to support the list - use PayPal
to send contribution -- https://www.paypal.me/stumurray
