QUESTION
discount on selling shares to the corp?
Asked on Nov 27th, 2014 on Business Law - California
More details to this question:
10% owner of shares being sold back to the corp. should any discount be applied?
1 ANSWER
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If you don't have a buy-sell agreement, the price is what a willing buyer will pay a willing seller. There is no law regarding permitted or required discounts. If this was a buyout to avoid an involuntary dissolution of the corporation, then no discount could be applied to the value of the entire compay, divided by 10 to equal the 10%.
Answered on Dec 17th, 2014 at 2:57 PM