What is the process to buy back the shares of the company?
95% of the shares of my C Corp (ROBS funded) is in the company name and 5% is in my name. My goal is to buy back all the shares and then go to an S Corp. How is that process done? Thank you.
I recommend you talk to an attorney who has some experience with a ROBS on this. You’ll need to finish out the ROBS once you’ve completed this transaction and make sure all of the details are handled properly. With that said, one way that you can do this is to create your new S Corp and then have that business pay a fair value for all of the assets of your C Corp. The new business would only be in your name, so when the purchase was complete then the company would essentially be owned entirely by you alone.
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