You are going to buy shares; you have come up with a value, now how do you pay for them?
It’s really only limited by the creativity of the people involved. Payment is usually available in a number of ways. Funds are often borrowed, however that can use up a company’s borrowing capacity and often times lenders don’t like to have their money used to pay off shareholders. Another option is seller financed; deferred payments and a down payment. Whichever way is chosen ensure that the loan terms are carefully reviewed.
Mark R. High
Dickinson Wright PLLC
- Member with Dickinson Wright PLLC in Detroit, Michigan
- Concentrates in the areas of business law, corporate finance, corporate governance, and international transactions
- President of the Canada-U.S. Business Association in SE Michigan/SW Ontario; former chair of Michigan Business Law Section
- Conducts seminars on and author of articles dealing with buy-sell agreements for the ABA, State Bar of Michigan, trade associations, and commercial services
- J.D. degree, Duke University; B.A. degree, The College of Wooster
- Can be contacted at 313-223-3650 or [email protected]
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