I have been working in a samll cleaning OY. Now the owner wants to end his business and I am interested in bying the business. There are only two people in the company i.e the owner and me. Company has some small stuff and a car.
Now how does the cost of the company can be calculated? The only really valuable thing is car. There is still some loan to be paid for it but I can say the value of the car at the moment is some 10000 euros more than the amount of the loan to be paid. So let's say all the stuff(car and other cleaning stuff) values around 15000 euros, can the owner sell me the company for 10000? as there are risks I'm taking by taking over that company. And how does the taxation on buying and selling a company works?
Please tell what you know and also tell who is the proper person/company to be contacted to know about these things? I live in Turku.
taking over a small OY
Re: taking over a small OY
Oy so you are buying stocks. I'd contact www.potkuri.fi for starters.siili2 wrote: ↑Mon Jun 18, 2018 10:28 amI have been working in a samll cleaning OY. Now the owner wants to end his business and I am interested in bying the business. There are only two people in the company i.e the owner and me. Company has some small stuff and a car.
Now how does the cost of the company can be calculated? The only really valuable thing is car. There is still some loan to be paid for it but I can say the value of the car at the moment is some 10000 euros more than the amount of the loan to be paid. So let's say all the stuff(car and other cleaning stuff) values around 15000 euros, can the owner sell me the company for 10000? as there are risks I'm taking by taking over that company. And how does the taxation on buying and selling a company works?
Please tell what you know and also tell who is the proper person/company to be contacted to know about these things? I live in Turku.
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Re: taking over a small OY
Sorry, I forgot to mention that I own 40% of the sahres already.
Re: taking over a small OY
Be aware that you also buy all the hidden problems (claims, debts, ...)
Also the company has some goodwill and client lists. They should be part of the deal. But if the owner has planed a closure, he might have sold them already.
Also the company has some goodwill and client lists. They should be part of the deal. But if the owner has planed a closure, he might have sold them already.
Re: taking over a small OY
Thanks for the replies. And yes, I'll need to be cautious and I want to gather as much information as I can before going and talking with a professional
How does the share price work? There is a theoretica share pricein the annual tilinpäätös but can the seller set any price or are there strict rules about determining the price?
How does the share price work? There is a theoretica share pricein the annual tilinpäätös but can the seller set any price or are there strict rules about determining the price?
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Re: taking over a small OY
The price can be anything. Tax implications depend on the price. The assumption between unrelated parties is that the price is fair market value.