I am looking to buy-out my boss’ financial advisory practice. I need advice!

My boss is looking to retire, but he wants to get a fair deal or otherwise he, "Gets paid more to stay," as he puts it. He owns 100% of the company with no debt.

There is another partner at play here with no ownership stake. I am on good terms with him and we have agreed to pursue the deal jointly.

What should my approach be? How should I value the company? What resources other than Google searches can you point me to, to learn more?

I'm thinking some sort of buyout over a 5 year period. There are so many ways to structure this

I have googled lots, but I'd like some advice from someone that has personal experience with this in some way.

It will be difficult to give much detail without making it personally identifiable, but I am grateful for any advice!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s