Buying Out a Silent Partner for 100% Business Ownership
“I was sitting there as a 50% owner – because I had a silent partner, and I had been chewing for a few years on how I was going to buy back his stock.”
After multiple years, Graham began to realize he wanted full ownership of his company but didn’t know where to begin with approaching his silent partner in the business about buying him out. What was a fair and feasible dollar amount? How should the valuation and buyout proposal be presented? He knew this was a major milestone that demanded a financial background that he or his bookkeeper did not have.
