A father owns a very successful business. His children work for him in management positions. As he reaches retirement age, he debates a question:>should he sell the business to a competitor, getting top dollar for the company's value and being able to retire easily, but leaving all his children basically unemployedor >should he pass on the business to his children, getting pennies on the dollar from his children who obviously are unable to afford it, but giving them the chance to keep the company going for future generationswhat do you guys think?this is a real world business problem I am dealing with in real life IRL
Obviously he should keep the business in the family. How is this even a question?
>>58429741in my real world situation the business is worth about $5 million the man wants to retire lavishly and giving it to his children would prevent that. plus the kids would inherit his money after death anyways right
>>58429725my grandfather died in his 60's, my grandmother inherited the business and sold it off for millions.over the next 10 years all she did was sit in a casino and play slots, she spent all those millions on slots and then eventually had to move back in with her children when she ran out of money.Imagine being my grandfather and working yourself into the grave so your wife can waste your legacy on slot machines.
>>58429725this is a philosophical question OP, not really a business question imo
>>58429753
>>58429725he should sell it to his children through a $5mm sellers note so he gets dividends to pay for his retirement. When he dies the note is forgiven.
>>58429747Ah so boomer being a boomer. The lead poisoning whispers in his mind.
>>58429725Why can't the father just come to an agreement that grants him an annuity-like payment every month/quarter/etc from the company?That's exactly what my grandfather did in this situation and it seemed to work out fine.
>>58429999checked. That’s what I said too
>>58429906he's allowed to do whatever the fuck he wants with it because he's built it, not you, you useless cunt
>>58429725if he was a successful parent, his kids would already have their own careers as competitors or other industries they care about most. Why couldn't his kid buy the business from him for top dollar? Why should the cucked zoomie kids be so weak and gay and tranny pussies? If you disagree with me, then ask yourself those questions too.Have some fucking BALLS, weaklings.
>>58430088This mindset caused the economic collapse of 2008 and will cause the next economic collapse of the world economy
>>58429725He can pass the business onto his kids and remain a primary shareholder until he dies living off of the profits. If the business isn't profitable then he'd be doing his kids a favour by selling and cutting them into the proceeds.
>>58430088>diminishing your children's capacity for wealth generation so you can buy a piece of shit car from Italy and stuff your face in a third world countryI'd call you subhuman, but even some non-human animals have an instinct to sacrifice for their offspring.
>>58429747>the man wants to retire lavishlySo he's retarded.
>>58430210you're probably just trolling, but I could not possibly disagree with you more. people should be allowed to benefit from their lives' work without having it to share it with younger people. We do not live in a socialist country and USA will never be socialist. Sorry, you lost.
Have you guys ever seen stupidity in such a pure form?
If the business is successful he should be able to retire and collect dividends while retaining owenership, no?Another idea is for the children to buy him out over time, ie 10% a year for 10 years.
>>58430237>Keeping business and money within the family.>Socialist.
>>58430242The children can also borrow money to buy him out.
>>584302371) We're not talking about whats "allowed" or mandated by law. It's a moral question. 2) It's not "younger people," it's your own children.3) >giving your wealth to your children is socialist4) Boomer meme5) I mog you physically, financially, and socially
>>58429725Why would he not keep the business within the family? He has no retirement funds? Then open up an advisor role for him so he can get a salary for next to no effort.>>58429747>the man wants to retire lavishly and giving it to his children would prevent that.Hmm... under what circumstances would he feel comfortable not selling the business outside of the family?
>>58430254>I mog youokay but I'm straight so I still winnow kys
>>58430243Okay, look.Lot's of people in this thread said the father could do whatever he wants with his business. We all get that, hopefully.The idea that somehow government would or should mandate anything different than how it works now WOULD be fucking socialist. That's what would be socialist.Do you get that now?Also, this whole "you didn't build that" discussion came up under our Socialist dictator Barrack Obama who still secretly controls a sad, old man named Joe Biden now, illegally. You wouldn't remember it because you're a young fuckhead.You've never built anything. >hurr hurr let's complain about the old people doing stuff to us>we're such helpless victims of life>we're not adults>we're fucking man-childrenAre you taking your hormone pills to become a woman?You disgust me.
>>58430189what about the case where the kids were dragged in and actually helped build up the business. Im in this case, and honestly got kindof fucked (on the value of my time by my father)he needed tonnes of help and i sacrificed alot to help him now a decade of my life is gone. Ill inheriet his money (well half) but I lost years, and gained very little besides doing the honorable thing. Im primarily salty because my sister got loans from him at the bottom of the real estate market to go buy some rentals, shes almost retired off of it. I was busy running his real estate for him. Now she will get half of my labor for nothing, while she also got that huge leg up for nothing. So it goes. I don't talk to the cunt for many reasons, this isn't even one. Wouldn't bother me if she wasn't a woke liberal who hadn't crossed me a few times.
>>58430589Congratulations. You were born in the most prosperous era in American history, and what will you do with your newly acquired wealth? Perhaps create an investment trust that could spawn generations of wealth as well as passive income? Be heralded in the family as the pioneer to a new future without struggle your bloodline? Nah. Waste it on those flashy slot machines and some cruises. I wish covid finished the job on some of you old fucks. This has nothing to do with socialism you bumbling oaf. YOUR generation built this shitstorm of inflation, shutting down economies, and mandated janbies. What will boomers say when you stand before God?
