Selling shares in a private company?

**Desert_Star_Systems** · 07-20-2010 03:25 PM

Is there any good way to do this?

I have a friend who recently quit a tech company a few months ago and has something like 10% in stock and wants to sell it.

Is there any procedure that he should take and what outlets should he "list" these shares in?

Thanks in advance

**akula** · 07-21-2010 02:39 AM

THE Secondary Market for Illiquid Assets including Auction Rate Securities, Bankruptcy Claims, CDOs, LP Interests, MBS, Private Company Stock, Warrants, Restricted Stock and Whole Loans - SecondMarket

**watsa** · 09-04-2010 11:22 AM

Depending on which tech company he was working for there may not be a deep market for the stock on secondmarket. He would likely get more money by selling to someone else currently in the company that wishes to increase their ownership percentage.

**Desert_Star_Systems** · 09-07-2010 11:35 AM

That's the only thing I could think of recommending but I think he has a falling out with them and doesn't get along with most of the other partners. But like you said, doubtful that he can sell them outside of the company...probably too many strings attached for the buyer.

**genevie** · 09-27-2010 09:07 PM

Is there any good way to do this?

I have a friend who recently quit a tech company a few months ago and has something like 10% in stock
and wants to sell it.

Is there any procedure that he should take and what outlets should he "list" these shares in?

Thanks in advance

Hi,
That would be depend to the type of business they recently work with...And How does company earn money or is there financial account get the highest rate at a period of time..?
That would be the first thing to consider before selling the percent rate...

**nigelstephnie** · 10-26-2010 11:44 PM

I guess you have to have a legal advice for more information about selling of shares.

**staff india** · 12-01-2010 09:52 AM

there are so many trusted comapny , google it

**parklandgroupohio** · 12-06-2010 07:24 AM

Well for a more traditional approach to buying out an old business or one that is going bankrupt, instead of buying the company itself, you can just buy their used equipment and sell them somewhere else. Other have had a great profit by doing just that. All you have to do is put the items in something like a Hilliard self storage facility or similar.