Ask HN: Owner wants to buy out my 1.5%, what do I need to consider?
I would love suggestions on what to consider when making the decision of whether to sell my stake in a company. Background: I am a 1.5% partner of an LLC that I worked for about 5 years ago. The owner called today and offered me $4500 for my equity. I've been spending all night reading about multi-member llc's, capital accounts, distributions/draws and our Operating Agreement. I've watched my capital account grow each year from negative to where it is now at $3200. I believe in the owners ability to continue being profitable. I would love any advice on how to think about this or for any pointers on what I need to consider. I'm not a lawyer or accountant so much of this is brand new to me. Thank you for your time. 4 comments on Hacker News.
I would love suggestions on what to consider when making the decision of whether to sell my stake in a company. Background: I am a 1.5% partner of an LLC that I worked for about 5 years ago. The owner called today and offered me $4500 for my equity. I've been spending all night reading about multi-member llc's, capital accounts, distributions/draws and our Operating Agreement. I've watched my capital account grow each year from negative to where it is now at $3200. I believe in the owners ability to continue being profitable. I would love any advice on how to think about this or for any pointers on what I need to consider. I'm not a lawyer or accountant so much of this is brand new to me. Thank you for your time.
I would love suggestions on what to consider when making the decision of whether to sell my stake in a company. Background: I am a 1.5% partner of an LLC that I worked for about 5 years ago. The owner called today and offered me $4500 for my equity. I've been spending all night reading about multi-member llc's, capital accounts, distributions/draws and our Operating Agreement. I've watched my capital account grow each year from negative to where it is now at $3200. I believe in the owners ability to continue being profitable. I would love any advice on how to think about this or for any pointers on what I need to consider. I'm not a lawyer or accountant so much of this is brand new to me. Thank you for your time. 4 comments on Hacker News.
I would love suggestions on what to consider when making the decision of whether to sell my stake in a company. Background: I am a 1.5% partner of an LLC that I worked for about 5 years ago. The owner called today and offered me $4500 for my equity. I've been spending all night reading about multi-member llc's, capital accounts, distributions/draws and our Operating Agreement. I've watched my capital account grow each year from negative to where it is now at $3200. I believe in the owners ability to continue being profitable. I would love any advice on how to think about this or for any pointers on what I need to consider. I'm not a lawyer or accountant so much of this is brand new to me. Thank you for your time.
Hacker News story: Ask HN: Owner wants to buy out my 1.5%, what do I need to consider?
![Hacker News story: Ask HN: Owner wants to buy out my 1.5%, what do I need to consider?]()
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March 04, 2020
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