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Simple English definitions for legal terms

minority discount

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A quick definition of minority discount:

A minority discount is when the value of a business's shares is reduced because the owner only has a small part of the business. This is because the shares owned by someone who can control the business are worth more than those owned by someone who cannot. However, when shareholders disagree with a corporate decision and want to sell their shares, it is not fair to reduce the value of their shares just because they are a minority owner.

A more thorough explanation:

A minority discount is a reduction in the value of shares of a closely held business that are owned by someone who has only a minority interest in the business. This means that the value of the shares is lower because the owner does not have control over the business.

For example, if a business is worth $1 million and one person owns 51% of the shares, they have control over the business and their shares are worth $510,000. However, if another person owns 49% of the shares, they do not have control over the business and their shares may be worth less than $490,000 due to the minority discount.

When dissenting shareholders object to a corporate act, such as a merger, and become entitled to have their shares appraised and bought by the corporation, many courts hold that incorporating a minority discount into the valuation of the dissenters' shares is inequitable and is not permitted. This means that if a shareholder disagrees with a decision made by the company and wants to sell their shares, the company cannot use a minority discount to lower the value of their shares.

Minority Business Development Agency | minority opinion

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OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
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