exitingfounder

3 ms·

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by exitingfounder 15y ago
To quickly run through these in order: 1) The program was extended. And regardless, the original company investment was made during the holiday, so as long as I roll over within 60 days, I'm OK. 2) I did hire a tax lawyer, which is why I u
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by exitingfounder 15y ago
If you have specific names of advisors who have dealt with this particular problem, please share them! The usual suspects (highly regarded startup attorneys, startup CPAs) have been helpful in analyzing the situation but I haven't found an
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by exitingfounder 15y ago
Good suggestion. I've had two well-regarded startup attorneys look at the situation, and the acquirer has had their counsel look at this as well (we're not their only acquisition in this set of circumstances). There's no solution that doe
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by exitingfounder 15y ago
I think I explained the answer to your question in the original post. The government has decided that in this case the money would be better spent creating jobs than going in to general funds. I agree. I'm looking for a mechanism for doi
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by exitingfounder 15y ago
:) Yeah. I don't want to move the proceeds to an offshore tax haven or something. If I can follow the letter and spirit of the law to create jobs instead of paying taxes, I think everyone wins. And the more HN readers who know about this
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by exitingfounder 15y ago
As I mentioned, I've asked two attorneys (one tax lawyer, one general counsel), a couple of CPAs, and a financial advisor or two for good measure. They all could explain the mechanics but none of them had much to suggest beyond traditional
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Ask HN: How do I minimize the taxes from selling my startup?
84 points by exitingfounder 15y ago|52 comments