"Before you figure out buyout terms, you need to have an actual face-to-face conversation with your sister to explain what you're thinking and why you might want to try something else."
"Assuming you've had that conversation, and she tells you she wants to keep going, here are your options: Take a buyout over time: Get the business professionally valued."
A profitable family business is co-owned by two sisters, but one is considering leaving. The sister feels entitled to earnings post-departure due to her contributions. Before discussing buyout options, a crucial conversation with her sister is necessary to gauge her feelings and intentions. If the sister wishes to continue, options include a structured buyout over time based on a professional valuation of the business, ensuring fairness in the transition.
Read at Slate Magazine
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