GoFuckYourself.com - Adult Webmaster Forum - View Single Post - I just got offered $1.875M for my company.

blazin · 08-20-2005, 02:04 AM

Here in the UK, you will only end up paying 10% tax if you've owned the company for 2 years and then sell. You should go see a good accountant and lawyer to retain as much as your loot as possible.

Going through something similar myself with my mainstream software company - but nowhere near as much loot.
The only downside is having to work for this company for 3 years as part of the 'earnout' deal. I'm told that's how things are normally done.. most of our money will come from share-options and cash bonuses based on a % of gross profit margins. Since they are preparing to float in 2 years those shares will hopefully be very valuable.

The reason we have to take the deal is cos we are over a barrel in a way.. we are partnered with this company and they are providing us with most of our business. They could pull the rug from under us at anytime and want to own us rather than pay us more in the long run.

08-20-2005, 02:04 AM
blazin Confirmed User Join Date: Aug 2002 Posts: 2,781	Here in the UK, you will only end up paying 10% tax if you've owned the company for 2 years and then sell. You should go see a good accountant and lawyer to retain as much as your loot as possible. Going through something similar myself with my mainstream software company - but nowhere near as much loot. The only downside is having to work for this company for 3 years as part of the 'earnout' deal. I'm told that's how things are normally done.. most of our money will come from share-options and cash bonuses based on a % of gross profit margins. Since they are preparing to float in 2 years those shares will hopefully be very valuable. The reason we have to take the deal is cos we are over a barrel in a way.. we are partnered with this company and they are providing us with most of our business. They could pull the rug from under us at anytime and want to own us rather than pay us more in the long run. __________________ I don't endorse a god damn thing......