Legal Question in Business Law in Indiana

20% business owner wants to get out
I am a 20% owner in a dog training
business. I would like to know how to
go about evaluating the value of the
business. What is considered an
asset? Are classes that we hold
considered an asset? People pay to
take classes. We also have
equipment, are those assets? What
about time spent? Can I put a cost to
that time?

Asked on 4/20/09, 8:04 pm

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Re: 20% business owner wants to get out

Equipment is an asset. The classes are not assets, but the money is. it may come down to needing an appraiser, so keep that in mind.

Also, you do not say what kind of business, so check your by-laws (corporate) or LLC operating agreement about what you have to do to get out.

Answered on 4/21/09, 2:38 pm

Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

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Re: 20% business owner wants to get out

Thank you for your inquiry. Your questions would be better answered by an accountant who performs business evaluations.

Answered on 4/20/09, 9:22 pm

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