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Hello people.I am supposed to submit this to my boss but I cannot figure it out. Please have a read and fill me in with all the details available. Thx.
Company X owns the following:
– 4 Vehicles 1.5 Million each worth 6 Million in total
– Property worth 10 Million
– Fixtures & Fittings worth 1 Million
– Capital at start of company(35 years ago) worth 1 MillionCompany X is a Private Limited Company registered with the Securities & Exchange Commission.
Shareholdings have been given to 3 employees of the company for their long term commitment to the company of 12.5% each and the remaining 62.5% of the holding is with the owner of the company.The owner of the company is concerned what could be the maximum it would have to pay if one of the shareholding employee wants to leave the company and surrender their shareholding, also the legalities associated to this situation. Details of the whole process are required step by step.
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just add up the asset side of the company less liabilities i.e. net assets and multiply by 12.5% that would give u fair value of the holding of the employee.
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