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?
How to structure a partial buyout for an LLC within SBA guidelines?
More on Searchfunder
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.