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Farm Corporation Succession
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rodd
Posted 2/28/2012 13:11 (#2256969 - in reply to #2256924)
Subject: Re: Farm Corporation Succession


I agree, with that many share holders it will be interesting. 1 idea, have an independent appraisal of corp value on your entry date. Agree to buy out other shares at that price over years. Would probably need to pay out dividends along the way too until they are bought out.
Or set up your corp and slowly buy shares at going rate as you can, eventually having your corp own everything.
#2 is tough because you wouldn't have access to assets for collateral.
The company's current accountant may have the best answer for you. Will be good idea to pay for a consultant somewhere along the line.
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