If you can not resolve your business issues between a private company's share holders, one technique of resolution is called a Texas Shootout. Rember when you were a kid and there was one piece of cake left and both you and your sister wanted it? You got to cut the cake and she got to choose which piece. The same principal applies for the Texas Shoot Out. You sign an agreement to enter a Texas Shoot Out that basically stipulates that one shareholder will submit a bid to buy out the other shareholder. Let's say they were 50% each shareholders. The one receiving the offer could either sell his shares at the offer or buy the partners shares at the same price.Talk about high stakes poker. Sometimes this is the only fair way to resolve the issue.
Dave Kauppi is president of Mid Market Capital, Inc. MMC is a business broker firm focused on middle market corporate clients. We provide complete M&A services. Dave a licensed business broker and a member of IBBA and the MBBI. Contact (630) 325-0123 davekauppi@midmarkcap.com or www.midmarkcap.com
Dave Kauppi is a business broker and President of MidMarket Capital. We help business owners with all aspects of Mergers and Acquisitions. Dave a licensed business broker and a member of IBBA and the MBBI. Contact (630) 325-0123
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