Goodwill – share

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  • November 28, 2019 at 10:52 am #12724
    kultikabakelit
    Participant

    If I sell my 50% shares to my business partner, who will carry on the business alone, can I claim for part of goodwill, when we determine the value of my share? We built the business together from day one. Some people say I can’t claim it, others say I can. It’s unclear.

    November 28, 2019 at 11:04 am #12725
    Jonathan Lea
    Keymaster

    Yes, the goodwill generated by building the business will, or should, be factored into the sale price you agree for your shares.

    November 29, 2019 at 8:22 pm #12784
    kultikabakelit
    Participant

    Thank you for your help

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