2 ms·
This doesn't necesarily help the poster in this case, but it's worth a read. Derek Sivers (@sivers) sold CD Baby for $22,000,000. Before he did it he transferr
by destraynor 15y ago
This doesn't necesarily help the poster in this case, but it's worth a read.
Derek Sivers (@sivers) sold CD Baby for $22,000,000. Before he did it he transferred the entire business to a trust. The trust received the $22 mill in cash, without paying tax. Derek receives 5% of that amount every year (1 mil)
Read about it here: http://sivers.org/trust http://sivers.org/trust
- huhtenberg 15y agoThis is just a tax deferral scheme. It has some benefits, but it is not dramatically different from paying all taxes upfront.