Legal Question in Business Law in Ohio
buying out a partner of a business
How is the value of the company figured in--name removed--partner buy out?
Asked on 5/22/08, 9:05 am
1 Answer from Attorneys
J. Norman Stark
J. Norman Stark , Attorney, Architect
Re: buying out a partner of a business
Dear Inquirer: The best and most equitable method of determining a buyout price or evaluation of a partnership interest is to have an impartial appraisal of the business and assets.
Contact a reputable business appraiser after you've retained an experienced Attorney to guide, and advise you properly.
Good luck.
Sincerely,
J. Norman Stark
Answered on 5/22/08, 9:10 am
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