Best option,need advice

danboy775

Idiophreak wrote: »

Assets aren't all there is to a business, though....and it's certainly not how businesses are (supposed) to be valued.

I'm not sure what benefit there would be to deliberately undervaluing your business (except to buy people out on the cheap), but something doesn't ring true, in any case.

So where do you think the value of a company comes from and how are they (supposed) to be valued?

Like i said you think £5k is a cheap valuation then your getting a bargain arent you i'll sign it over to you tomorrow, theres maybe £1.5k in the business account at the moment....

trying to buy out on the cheap!! suspicious mind you got there...shame

danboy775

stargazer59 wrote: »

I was not being sarcastic.

Surely you did not think that it was the case that CSA is assessed on what you have left after mortgage and bills?

There is a CSA calculator which can tell you the approx amount you would pay. HTH

well it came accross that way, with the ROTFL

this is all new to me so how am i meant to know without asking.

stargazer59

danboy775 wrote: »

well it came accross that way, with the ROTFL

this is all new to me so how am i meant to know without asking.

I'm sorry if you thought that.

I guess i just assumed that you would have checked out the position regarding CSA etc before you made the first post, that was all.

danboy775

stargazer59 wrote: »

I'm sorry if you thought that.

I guess i just assumed that you would have checked out the position regarding CSA etc before you made the first post, that was all.

No problem..as has been said by one of the other posters, things posted online often come accross not how they were intended...having the same problem here myself

No never checked up on CSA guidelines, still hoping it wont come to that.

Idiophreak

danboy775 wrote: »

So where do you think the value of a company comes from and how are they (supposed) to be valued?

Like i said you think £5k is a cheap valuation then your getting a bargain arent you i'll sign it over to you tomorrow, theres maybe £1.5k in the business account at the moment....

There are very complicated ways of calculating the value of a company...and much easier ones. For instance, some people multiply the net profit by an income multiplier (normally around 4) - in this instance, you're looking at around 60k profit per anum x4 would give a value of £240k - making your ex's share worth 48k - rather more than you're suggesting buying her out for, eh?

If you think that sounds nuts, it really isn't....

At 240k, if I invested 24k, I'd own 10% and for that I'd get £500/month...or £6k per year - 25% interest on my investment. Compare that to the 3% I'd get in a bank and you see why your company's actually worth quite a lot...

Maybe you should think about finding someone else to buy her out of the business...she'd get a nice lump sum and you'd not have to worry about her being involved in the future. (although, obviously, you'd have to pay the dividend to the new investor, still)

Do you really think that Facebook had $100bn of assets?

galangm8

danboy775 wrote: »

No problem..as has been said by one of the other posters, things posted online often come accross not how they were intended...having the same problem here myself

No never checked up on CSA guidelines, still hoping it wont come to that.

I think, please don't take offence as it is only my opinion:-

You're blackmailing the mother of your child that if she does not accept your 'deal' you will close the business and there will be no dividend at all to pay and then no CSA. :idea:

danboy775

galangm8 wrote: »

I think, please don't take offence as it is only my opinion:-

You're blackmailing the mother of your child that if she does not accept your 'deal' you will close the business and there will be no dividend at all to pay and then no CSA. :idea:

haha !!!!!! seriously, blackmailing!!

Like i have already said, ceasing to trade would be my ONLY option, that or lose the house.....no brainer really!!

danboy775

Idiophreak wrote: »

There are very complicated ways of calculating the value of a company...and much easier ones. For instance, some people multiply the net profit by an income multiplier (normally around 4) - in this instance, you're looking at around 60k profit per anum x4 would give a value of £240k - making your ex's share worth 48k - rather more than you're suggesting buying her out for, eh?

If you think that sounds nuts, it really isn't....

At 240k, if I invested 24k, I'd own 10% and for that I'd get £500/month...or £6k per year - 25% interest on my investment. Compare that to the 3% I'd get in a bank and you see why your company's actually worth quite a lot...

Maybe you should think about finding someone else to buy her out of the business...she'd get a nice lump sum and you'd not have to worry about her being involved in the future. (although, obviously, you'd have to pay the dividend to the new investor, still)

Do you really think that Facebook had $100bn of assets?

So you are trying to tell me her share is worth £48K because my company is worth £240k....will put this to my accountant to see what she has to say about this as i had no idea i was sitting on such a gold mine!!
She would get £22.41 per share as that is what the company is currently valued at!!

Dont you think we are getting away from the heart of the matter here, i came on here to get advice and end up going over my company finances with some stranger!!

Sensemaya

Marisco wrote: »

Well, I'll tell you what I would do. If as you say you don't want her to have anything to do with the business, I'd buy out her shares. Then I would give her 15% (which is the CSA figure for one child) of my income. Should you wish to spend more on your daughter, clothes, trips etc, then you can do so, happy in the knowledge that you have also fulfilled your obligations re CM. As for the debts, I'd pay the half that "belonged" to me, the other half "belong" to her.

And as everyone has said, keep away from the CSA, that way usually lies disaster But make sure all payments are clearly marked "child support" or better still get her to sign the receipts. You'd be amazed how quickly things can go pear shaped once another person comes on the scene!! :eek:

Danboy

This sums everything up. If I was you I would stop posting all your company details et al and seek professional advice.

At least you don't have to go through a divorce.

galangm8 wrote: »

I think, please don't take offence as it is only my opinion:-

You're blackmailing the mother of your child that if she does not accept your 'deal' you will close the business and there will be no dividend at all to pay and then no CSA. :idea:

You certainly talk cr*ap and like to stirs things up!

Sensemaya

Idiophreak wrote: »

OK...Now I'm confused...were *you* being sarcastic when you wrote this?

galangm8 was clearly being sarcastic...so I'm not sure if the above is a sarcastic response to him claiming not to have been sarcastic, or genuine cluelessness re: his sarcasm.

All getting a little befuddling.

Just for future reference, sarcasm doesn't often work great on the internets, so either avoid altogether or use </sarcasm> or an emoticon, as galangm8 did...

Galangm8 was not being sarcastic in her original post IMO.Her reply(ies) was out of order and she then started to backtrack.

Yes I agree it was getting all rather befuddling.

I am aware sarcasm doesn't work well on the internet, even with or without emoticons.