Home | Tips | Tip #97: Is there a Minority Shareholder that must be considered when selling the business?
Sign up here to receive our monthly email cartoon tip for maximizing the value of your business.
Tip #97: Is there a Minority Shareholder that must be considered when selling the business?
If there is a minority shareholder in a business, he or she may need to be consulted before selling the company. It depends on the arrangement that was made. There may be a first right of refusal for the minority shareholder or other provisions in a buy-sell agreement or even timing issues to close a deal. Business owners who have minority shareholders need to review their agreement and consult with their attorney before going to market.
