I was approached by JAB directly. We sold stock, not assets. They told us they would never do that again after us.
On Sun, Dec 20, 2020 at 11:31 AM Chuck McCown via AF <af@af.afmug.com> wrote: > Don’t book stuff as assets. Expense everything. Depreciate nothing. > Then there will be no recapture at the end. > > Takes two sets of books, because to interest the seller, you sure do want > to show assets. > > *From:* Ken Hohhof > *Sent:* Sunday, December 20, 2020 10:20 AM > *To:* 'AnimalFarm Microwave Users Group' > *Subject:* Re: [AFMUG] WISP Broker > > > The whole depreciation recapture thing confuses me. > > > > Virtually nobody will say that used radios and routers and stuff are worth > more than their depreciated value. And the valuation by the buyer will > usually be based on the customers and revenue, with the equipment being > valued at pretty much zero. They may change it all out to whatever they > use, or move the customers to their network. > > > > So if you sell your WISP for $1 million, do you say assign that value > entirely to the equipment? That defies logic. So do you assign part of it > to the equipment, and then pay depreciation recapture on the difference > between that and the depreciated value? > > > > I don’t follow the logic that I buy some APs, put them on towers, replace > them with new ones every 3-5 years, and spend a lot of effort growing a > customer base and revenue, which results in my business being worth maybe > more than I paid for those APs. Are they saying the value of the APs has > appreciated, maybe to more than I paid for the equipment, because my > business is profitable? > > > > These aren’t Beanie Babies that I bought as an investment and they > appreciated in value and now I sell them for a net gain. > > > > This is more like a musician buys a guitar, works 20 years becoming a > famous musician with a bunch of top selling albums, and is now worth > millions, do you say it’s because the guitar appreciated in value? Because > the guitar is the only hard asset the musician ever purchased, everything > else was just hard work and maybe talent? > > > > > > *From:* AF <af-boun...@af.afmug.com> *On Behalf Of *Craig House > *Sent:* Sunday, December 20, 2020 10:52 AM > *To:* AnimalFarm Microwave Users Group <af@af.afmug.com> > *Subject:* Re: [AFMUG] WISP Broker > > > > If you have the option to sell the stock of the company instead of the > assets. That make the sale a capital gains tax. I think that only works if > you are setup as a C corp or S corp though. Spread it out over a term if > you trust the buyer to pay you off. That also reduces your income per year > and spreads it out over a term . > > > ------------------------------ > > *From: *"Matt Hoppes" <mattli...@rivervalleyinternet.net> > *To: *"AnimalFarm Microwave Users Group" <af@af.afmug.com> > *Sent: *Sunday, December 20, 2020 10:26:44 AM > *Subject: *Re: [AFMUG] WISP Broker > > > > So for any of you who have solid: How did you cushion taxes? If you got > 600,000, 1 million or 2 million - that’s still going to be w huge tax hit. > > > > Also did you do anything for your employees? For example give them some > of the sale proceeds? And if so did you just lump sum it or set something > up to help them with money management and tax liability? > > > > On Dec 19, 2020, at 3:41 PM, Mike Hammett <af...@ics-il.net> wrote: > > Maybe I ought to call them before you do. ;-) > > > > ----- > Mike Hammett > Intelligent Computing Solutions <http://www.ics-il.com/> > <https://www.facebook.com/ICSIL> > <https://plus.google.com/+IntelligentComputingSolutionsDeKalb> > <https://www.linkedin.com/company/intelligent-computing-solutions> > <https://twitter.com/ICSIL> > Midwest Internet Exchange <http://www.midwest-ix.com/> > <https://www.facebook.com/mdwestix> > <https://www.linkedin.com/company/midwest-internet-exchange> > <https://twitter.com/mdwestix> > The Brothers WISP <http://www.thebrotherswisp.com/> > <https://www.facebook.com/thebrotherswisp> > > > <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg> > ------------------------------ > > *From: *"Nate Burke" <n...@blastcomm.com> > *To: *"AnimalFarm Microwave Users Group" <af@af.afmug.com> > *Sent: *Friday, December 18, 2020 9:34:33 PM > *Subject: *Re: [AFMUG] WISP Broker > > I just got a cold call yesterday, leaving a voicemail on almost every > extension in the IVR, from a company wanting us to acquire one of their > WISPS. CID came back as someone's personal name. Claimed to be from > Wispbroker.com > > On 12/18/2020 8:42 PM, Steve Jones wrote: > > You selling? > > > > On Fri, Dec 18, 2020, 7:29 PM Matt Hoppes < > mattli...@rivervalleyinternet.net> wrote: > > Anyone in our industry that brokers sales and buys of ISPs? > > For anyone who has sold - how did you find your buyer? > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > ------------------------------ > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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