Here's context for my question : note that this is a hypothetical
I live in Belgium, Europe (if that is any relevant).
I own 50% of the company I work in (as a manager).
I've been working here 3 years.
I have now decided to leave, and sell my shares to the other shareholder, who will then be holding 100% of the company.
I'm now making up numbers for simplicity.
Year 1, the company made 40.000€, while expenses were of 60.000€. Ended up 20.000€ in loss that year.
Year 2, the company made 70.000€, with about 60.000€ in expenses. Ended up 10.000€ in profit. (still a grand total of 10.000€ in loss)
Year 3, the company made 450.000€, with about 100.000€ in expenses. Ended up 350.000€ in profit, for a grand total of 340.000€ in profit.
Like I said, I am now leaving the company. How do I calculate what my 50% is worth ?
I'm not a native english speaker, my current use of gain means "money made by the company before expenses", and profit means "money made by the company after expenses".
- Based on the gain of last year?
- Based on the gained all times combined?
- Based on the profit made last year ?
- Based on the profit made all times combined ?
- Based on the average profit of all years combined ?
- Based on the average gain of all years combined ?
- Other solution provided by a wonderful StackExchange user.
There is nothing in the contracts stating anything about when / how / what happens and we is taken when a shareholder sells his shares. So it all has to be decided and agreed upon. What I'm trying to understand here is :
- What is legal/illegal to do here (What is rightfully mine, and do we have to negotiate legitimately?)
- What is common behaviour in that situation (this is why I added my country of residence/work)
- What's the best solution overall.
Currently, the solution is, I'm leaving with 50% of what was made last year only, before expenses, which means about 200.000€
But this feels way too easy.
What do you guys think?