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Forum -> Household Management -> Finances
Selling a business for $10mill
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amother
OP


 

Post Fri, Aug 27 2021, 9:48 am
Thanks everyone! I will set up a meeting with a financial advisor before we think about continuing.
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amother
Pearl


 

Post Mon, Aug 30 2021, 2:50 pm
OP I hope if the deal is in your best interest it goes through it should be with a lot of hatzlacha.

Just want to point out that you should try to find a financial advisor that's a tax advisor as well, and you should do so before you go into contract or sign any binders if possible, because there are ways to structure the deal that can save you in taxes.

Any of you can recommend financial advisors?
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amother
Tulip


 

Post Mon, Aug 30 2021, 3:20 pm
OMG, so get a financial advisor, good accountant and an attorney asap. Two kinds of attorneys that could be helpful is one that focuses on corporations, mergers & acquisitions. The other kind is an estate planning attorney who can work with you on your personal planning, in addition to a financial advisor (and sometimes, in lieu of). A solid accountant is 1000% a must. Round out your professional team so you have the advice you need instead of, as another ima said, a bunch of women on the internet with ideas/opinions.
Good luck!
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amother
Burgundy


 

Post Mon, Aug 30 2021, 4:09 pm
Have the funds transferred to an off-shore account in the Maldives! It's the only way to protect your assets.
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