Why you shouldn’t sell minority ownership of your shop
Auto Service World
FEBRUARY 6, 2025
If an employee in your shop shows sudden interest in being a minority owner, you should be cautious, advised an accountant who specializes in the automotive aftermarket. Typically, they see the profitability of the business and want a piece of the action, explained Hunt Demarest, accountant and business valuator with accounting firm Paar Melis. I hate, hate, hate, hate, hate selling minority shares in businesses in an official manner, he said during the session Transitioning Your Business at the
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