coup - 11/27/2022 17:31
IN555 - 11/27/2022 18:11
Keep in mind that 1/3 owner could be a real pain in the rear if he wanted to be so buying him out of his shares could be a blessing at market value.
Let him be a pain, he is a minority owner and has no say so in LLC. He has two choices can either get his 1/3 share of the profits yearly or sell the 1/3 share he owns @ a discount to somebody.
Land owned by an LLC can be discounted up to 40% with minority ownership
Makes the 25% valuation they expected him to accept look awfully light.
I want LAND!!
