Question
Mark Caine, your client, comes to you for your advice on a partnership in which he currently holds a 20% interest. Hes looking to dispose
Mark Caine, your client, comes to you for your advice on a partnership in which he currently holds a 20% interest. Hes looking to dispose of this interest if he can find a buyer if the price is right. He says his neighbor is interested in buying the partnership interest but the offer was a little low or at least Mark thinks it was low. He would like to know how he would go about finding buyers for his interest and asks you how he would go about it. What SHOULD be your initial response? a. Seek a business valuator (someone that could tell him how much the interest is worth) b. Put it on Craigs List at a price Mark thinks its worth c. Consult the partnership agreement to see how partner exits are to be handled d. Tell him not to sell
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