This is a bit complicated but I will keep it as short as possible. I have been the CEO of a moderate (18 million in revenues) Publishing Company for 11 years in a family ran business and I am not family. I bought 10% ownership interest in the S-Corp about 5 years ago and then took a crack at buying out the family 3 years ago; after getting everything together & price negotiated the majority owner (MO (85%) decided not to sell. Now we are there again and MO wants to sell.I don`t want to go through this again and will not place an offer, but MO needs a happy camper if he wants maximum value in the sale and I have told MO I would assist in anyway to attain maximum value for him.Here is the question there is a small part of the business I would like to take over and go on my way with, 4 new titles with potential but no value in the sale,; MO agrees to the no value, but is unsure if he wants to sell to me, I know nice trust basis; another reason to get out. I have offered my 10% ownership for the titles, which is at least FM V and maybe premium and MO can retain 10% of my new company to enjoy potential large benefit.Question: Do you think we can push the 4 titles down to a new LL C which the Company would own and then reallocate my ownership in the current S-corp to the LL C to accomplish the new (ME)90 MO`s Company 10% and result in a tax free transaction. I would appreciate any thoughts or ideas to brainstorm.
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