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Nva restaurant was formed under the company jdrk

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Nova Restaurant was formed under the company JDRK. Originally there were four partners who each bought in and were given a percentage of ownership. Prior to opening, the partners brought in a fifth partner and gave him a percentage of ownership. Buy-in details are below as well as a listing of assets. At this point,

Shares of Ownership:

Kelly - received 17.75% ownership for equipment he provided (valued at $14,000) but Nova Restaurant paid his back taxes of $6,000 and provided him with a personal loan of $3,500 which has not been paid back.

Darren - received 17.75% ownership for an original buy-in of $12,000.

JD - received 23.75% ownership for an original buy-in of $20,000.

Robert - received 25.75% ownership for an original buy-in of $25,000.

Matthew - received 15% ownership for an original buy-in of $40,000.

Currently, there are approximately $75,000 of liquid assets in the company account.

At this time, Kelly would like to sell his ownership percentage to an outside investor. Calculate the value of his percentage of ownership (in

USD) and thoroughly explain your answer. Show all work pertinent to the calculations. Be sure to include the back taxes and personal loan in your evaluation.

Reference no: EM13481200

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