2 ms·
Have you seen those posts where someone asks "I want to make an LLC/corporation, I don't have any $ so I'm not using an attorney, what's the best way to do this
by blakdawg 15y ago
Have you seen those posts where someone asks "I want to make an LLC/corporation, I don't have any $ so I'm not using an attorney, what's the best way to do this myself?"
This is one of the reasons why that is a mistake.
You don't get to decide unilaterally how much your part of the company will sell for - the buyers have to agree on your price, too.
There's a lot of information missing here to even start to talk about valuation - e.g., what sort of "startup" is this? How replicable is it? How replaceable are you? Would outside investors want to own a piece instead? How much of the "profit" is left after paying reasonable wages to the principals for their participation?
Maybe instead of selling your share, you should just be a passive owner.