by SparksZilla on 11/20/19, 12:59 AM with 1 comments
by throw555away on 11/20/19, 1:29 AM
I purchased a domain for my business 10 years ago
The domain cost $500,000
The business did well for a while, but eventually died
Someone just offered to buy the domain
The offer is $1 million
But he is offering $1 million in preferred stock in a new company as if I was an investor.
He says that the company is worth $10 million
So I would be getting 10% ownership of the company - no cash.
Do I have to pay taxes on this or can I wait until the stock is public or the company if acquired?
Should I ask for stock option instead?
How do I ensure I do not lose the domain?
Should I lease it for X years with option to buy to ensure if the company goes bankrupt it would not be seen as an asset? Would leasing affect my taxes?
Thank you