Is there an easy formula for valuing a tutoring business so one partner can buy out the other?
The approach to valuation and the amount you set can also have tax consequences. Best to speak to an accountant and/or business valuation specialist who is familiar with this area.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.