Quote:
Originally Posted by DaneMcCloud
Hiring a CPA to "go over the books" is meaningless.
What you need is a valuation of the business. It doesn't matter if they put $100k into the business if it's worth $5k.
Good luck!
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Dane is wise. Having been through this myself, he's absolutely correct. Don't forget, you're not only buying their share of the business. You're also buying their share of the debt and liability/risk, it is absolutely crazy to think you can get $ for $ that soon after starting a business.