Legal Q & A

For Karen’s Coffee & Counsel “Q & A” this week, a business owner wants to know how to evaluate hisownership interest in his Buy-Sell Agreement. ANSWER: 4 suggested ways include: (1)Book value atthe time of transfer, which may or may not include goodwill or depreciation; (2)Joint agreement on a setprice; (3)If a first option agreement, by matching an outside offer; and (4)There is always appraisal by athird party. Let me assist you with your corporate law questions by contacting my office today.