Selling a sole trader company but keeping a percentage?

[AmandaRob]

Selling a sole trader company but keeping a percentage?

Hi all,

Not sure if this is right place to post this but didn't get any luck in r/business..

I am selling my clothing brand, and want to keep 10%, so if it should be sold on in the future, 10% of the sale price (minus tax) will be owed to me. It however is not registered as a Limited Company and therefore I can't simply write a 10% share into the contract. I'm wondering how I would go about writing the clause into the contract, or if it is even possible to keep a percentage of a Sole Trader company?

Thanks in advance!
Danny

submitted by /u/d_boxer
[link] [comments]