Let’s say for example I have a company that is going to be acquired for $50m and I own half it as a cofounder.
How can I avoid a large tax hit?
I know someone who received $25m from an acquisition and walked away with $6m due to taxes and I want to avoid that nightmare.
All I know so far is that there is something to do with an S-Corp in a state with low/no capital gains tax…
Any other strategies to be aware of?