Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

0
Private sale of company equity
Post Flair (click to view more posts with a particular flair)
Contracts
Post Body

I own 28% of a company I have equal shears of. I have a close friend that wants to buy 5% from me. He wants to get legal documents for this exchange. I have a few concerning questions.

  1. Can I legally sell some of my % under the table without the team knowing?

  2. What kind of contract would I need to get and does it need to be notarized?

  3. Will this contract be enough to make this deal set in stone, would we have to do anything else?

  4. Not question- Since it’s between me and him, anything that happens when the company sells, he is entitled to 5% of what 28% is sold for.

  5. Have you guys ever seen or heard of something like this?

Author
Account Strength
60%
Account Age
3 years
Verified Email
Yes
Verified Flair
No
Total Karma
7
Link Karma
4
Comment Karma
3
Profile updated: 2 days ago
Posts updated: 1 year ago
Zay_Something

Subreddit

r/legaladvice

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
2 years ago
Reddit URL
View post on reddit.com
External URL
reddit.com/r/legaladvice...