buying company shares

[Anonymous]

:roll:
can any body advise how i can buy out the balance of my partners 30% shares, the company factore it's debt, we have a leashold on premisses, i have no equity left in my home , which is also a gauarantee on the bussness loan.
short of contract killing :twisted:
i need 60 k
anybody with accountancy skills fancy joining a seal distributor turned over just under 996k last year

fugeebob

 

[allenlunn]

You need equity finance, a loan or other arrangement to buy shares, they do not come free. They have to be valued at arms length[various valuation methods are used according to the type of business]. They can also be purchased through a DLA [if you are a director] provided the other shareholders agree and do not infringe the articles/memorandum of the company. Family members can lend you the initial investment but could have repercussions later should the company hit bad times.

Dr allen Lunn

 

[Billmccallum]

Turnover at 995K, what was the profit? Assuming a post-tax profit of 10% this should give you the 60K you need. If the profits are less than that then you will have troub;e finding an investor. Just a humble opinion.

 

[Chris Ashdown]

Offer him 60K spread over three years.

Depending how much you pay him a year now offer to continue that untill the 60K is paid

 

[Bob]

Can the company raise the funds? Under certain circumstances, a company can buy back its own shares