Recent content by spidrr019

LdiJ - I want to thank you for your persistence in carrying on the discussion with me. You have given me excellent insight, opinion and suggestions. You've hit on all the points that I was hoping to receive. I'm going to seek a lawyer to discuss much of what you and I have talked about...

Understood. Let me ask you this. If you were in this situation and you were comfortable with the original $40,000 valuation - would you even try to argue to lessen that valuation? I ask because you mentioned "Her attorney would then argue that it was your bad behavior that caused the shares to...

Excellent. This is what I was looking for. You nailed it. Thank you.

We've now come full circle, thanks to your insight - that: A. The valuation must be accepted and that potentially a CPA is a credible source valuator. B. If she was unhappy with the valuation, she should have acted on that in 2018 when the valuation was done. C. A court cannot order a...

Good question. While I am comfortable with the $40,000 valuation - of course I would want to explore avenues that could potentially be argued to lessen the value. When you go to purchase a car with a budget you're comfortable with - would you not want to figure out if you can get a better...

Got it. Excellent insight. Thank you.

But I am perfectly comfortable with the $40,000 valuation at the time of separation. She is the one that is arguing the validity on that valuation.

How could I possibly get in any trouble? I'm of course going to consult an attorney. Nothing has happened. This is good information though. I did not know of this. I thought because the initial valuation was not done by a credible source - nor was it done by a 3rd party that she agreed to -...

Let me walk that back - I don't know if that's false....but it is highly unlikely to me that a court would say "sorry lady, you're shit out of luck and our hands are tied because it's a privately held company". I'm almost certain your wrong about that and I'm wondering if you know it to be a...

I think you might be wrong here. If that's the case, are you saying there is no way my wife can get a valuation / payment for the shares at the time of separation and that I don't have to pay anything for them? I know that to be vehemently false.

I think you're confused. I didn't give him the impression that his books would be subject to investigation in my divorce case. As a shareholder in 2018, I can assure you he is well aware that his books ARE subject to investigation in my divorce case. I'm curious to know why you think that's...

You may be right. Here's some more context surrounding that: In 2018, while the company was not in its infancy - I would say it was in its toddler stages - ignorance on the issue played a large part. Back then, I simply told the owner the situation and he then went out and got an evaluation...

My mistake - No - 100% of the company shares are still held by individuals within the company. The shares that are held by the individuals that own them, where given to them as part of their employment contract or through sweat equity. The shares have never been bought or sold otherwise.

They were neither bought nor sold. The only transactions to be had on the shares was the initial receipt of them, as sweat equity in the start up company back in 2015 and the subsequent buyback in 2022 as a result of the termination.