George is 72 years old and has come into the office at 6:30 AM, six days a week since he was 25. After the ups and downs of the first 15 years, the business began steady, profitable growth. A major factor in the success is John, the 46-year-old President of the company. Doing $15 million a year in sales when John arrived 20 years ago, the company has grown to over $150 million. John bought 15% of the company with bonus money he earned in the past ten years. John has grown the company through acquiring and starting businesses throughout the state. A group of New York City investors has approached the company and offered to invest a considerable amount of money in the business to fuel future growth and to begin buying out George. How should George and John evaluate the offer? Is the offer a fair price? Could they get more? Are there other potential investors out there with whom they may have a better cultural fit? How much stock should George and John each hold onto? How can George and John minimize possible taxes? Call us for more information. We can help.
A Mature Business Takes the Next Step
