Hi All,

Currently structuring a deal to submit an LOI on, and the seller would like to retain 10-19% ownership in the company so that he can pass that along to his son-in-law, who will remain in the business as a GM.

He's open to a transaction where 100% is purchased, but equity is sold afterwards, as well as, just rolling over equity in the initial transaction.

This would seem straightforward in a stock sale, especially given the new SBA guidelines, but as the business is an LLC, I'm at a loss for how this can be accomplished.

Does anybody know how this deal can be structured?