Looking for any and all advice perspective. Selling 70% share of interest in $300 M annual revenue producing company retain interest in new company being formed with expectation to flip to private equity or take public in 4 to 5 years. Expected post tax proceeds from initial sale to be approximately +$3.1 Million with another $300 k held in reserves for 18 months. Remaining equity value in new company approximately $1.6 Million 44 YO Married Father of 3 Ages: 6, 14, & 16 Zero debt. House is paid for through work. Annual salary about $185k per year $300 k in 401k $250 k in cash savings Another $50 k or so in various annuities, etc...
Submitted March 22, 2019 at 11:01AM by DadBodMoney https://ift.tt/2TPEwKU
