You prepay the taxes so you don’t have to cough it up later. Get your CPA involved before doing anything. Our employees all got jobs with the buyer. So... no, they didn’t get any thing extra. Some key employees were gifted some stock in prior years and they shared in the sale proceeds.
Beware depreciation recapture income. From: Matt Hoppes Sent: Sunday, December 20, 2020 9:26 AM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] WISP Broker So for any of you who have solid: How did you cushion taxes? If you got 600,000, 1 million or 2 million - that’s still going to be w huge tax hit. Also did you do anything for your employees? For example give them some of the sale proceeds? And if so did you just lump sum it or set something up to help them with money management and tax liability? On Dec 19, 2020, at 3:41 PM, Mike Hammett <[email protected]> wrote: Maybe I ought to call them before you do. ;-) ----- Mike Hammett Intelligent Computing Solutions Midwest Internet Exchange The Brothers WISP ------------------------------------------------------------------------------ From: "Nate Burke" <[email protected]> To: "AnimalFarm Microwave Users Group" <[email protected]> Sent: Friday, December 18, 2020 9:34:33 PM Subject: Re: [AFMUG] WISP Broker I just got a cold call yesterday, leaving a voicemail on almost every extension in the IVR, from a company wanting us to acquire one of their WISPS. CID came back as someone's personal name. Claimed to be from Wispbroker.com On 12/18/2020 8:42 PM, Steve Jones wrote: You selling? On Fri, Dec 18, 2020, 7:29 PM Matt Hoppes <[email protected]> wrote: Anyone in our industry that brokers sales and buys of ISPs? For anyone who has sold - how did you find your buyer? -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com -------------------------------------------------------------------------------- -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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