Question
We are a niche, technology-driven, sector-focused Research & Analytics firm. We are based out of Jersey City, and have a full service Delivery Center in India.
In the last 2 years, owing to exceptional staff talent and quality delivery, we have serviced repeat clients across the US, Europe & Asia.
We are thinking of raising funds by selling his share, but we're not sure if that's the right way out. What are our best options in dealing with this?
Answer
I was a founding partner in a venture that had three other partners, so there were four of us in total. One of the partners ended up leaving the company and we had to decide what to do with his share.
We found the simplest approach was to divide his share evenly among the remaining partners. This helped us reestablish a baseline from which we could make other decisions from a firm foundation, reducing the number of variables in a situation that can already be complex by nature and can increase exponentially as each new variable is introduced.
Best of luck and always happy to discuss further on a call!
_for_linkedin.jpg?1481657182)