three ways to value the business. four lousy alternatives.
by ed mendlowitz
77 ways to wow!
the right thing to do is have a buy-sell agreement, but many owners stupidly neglect to get this done. here is a suggested buyout plan where one owner drops dead, unexpectedly, and there is no agreement.
more: are you ready for a co-owner to drop dead? | you don’t need this, but your survivors do | five ways to ward off fraud in not-for-profits | client hires new manager: you need a plan | anatomy of a fraud
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a caveat is that the right way is to engage an appraiser to determine the value and go through an entire process that was explained in my previous post. however, with smaller businesses where the families want to keep costs low, not cause excessive time and stress, and remain friends … what follows is a suggested plan. this might not work in every situation and is certainly not ideal. however, it does offer a manageable method of price and terms.
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