Wanting to sell private stock in company, how?

Question

Inheriting stock in the family business that hasn't performed well. Prefer to sell, since I'm not involved, but the majority share holder says he nor the company will buy the stock. No other shareholders are interested in buying either, since they plan on selling also.

Answer 1

Chances are you won't be able to sell it easily. I assume you did not inherit a majority holding?

I would talk with your other family members and stockholders and if the majority are wanting to sell, then take the approach of selling the entire business and split the profits accordingly.

I don't know how close you are to the other family stockholders, but selling your share to someone outside the family, even if you could find a buyer, would most likely cause some problems with family outside the business.

Good luck to you.

Answer 2

From what you describe it might look that the earnings may be capital earnings and the present maximum fee achievable is 15%. that would possibly substitute come 2011 counting on what congress appears like after the arriving elections. you're in straight forward terms taxed on the earnings from this investment yet there is no thank you to roll it over. i in my opinion do no longer understand what you propose by skill of "deferred to my spouse". you will possibly desire to grant extra particular info until now any assessment of that concept might desire to be made. It does not sound promising even although.

Answer 3

Unlike stocks listed on a stock exchange, private stock can only be sold if somebody wants to buy it, and its value is only what somebody is willing to pay for it.