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submitted by /u/ThrowRAhdhejjndndndn
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Inheriting Company Shares
Hello everyone my father passed away recently.
I’m inheriting a 1/4 share in my late father’s company, along with my other three siblings. My older brother, who is actively involved in the operations of the company, has proposed to buy out our shares.
Since my siblings and I live in a different country and are not involved in the day-to-day operations, he believes it would be more practical for him to own the entire company.
He has proposed to buy each of our shares by giving us 1/4 of the company’s equity value each.
I am unsure if the company’s value is simply equal to its equity.
Is this the standard procedure for such situations? What steps should I take to ensure that the buyout is fair ?
I’m really inexperienced in business and other legal matters .
Thank you appreciate your help.
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