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Our firm has policy that equity is not to be held by non employees. I've seen this in certain investment partnerships. When someone leaves, we have a formula
by lostsoul8282 7y ago
Our firm has policy that equity is not to be held by non employees. I've seen this in certain investment partnerships. When someone leaves, we have a formula to buy them out, usually some multiple of EBIDA. We can discuss the timing is there is cashflows issues but overall I've seen that work.
- mickeyM 7y agoInteresting. I guess that's Jim's main problem - that a non-employee would own equity. Thanks!