The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Going Public on the stock exchange||Date: 6/27/2006 6:02 AM|
|Author: jersey18||Number: 87572 of 122998|
Heres some background : I brought into a private company (10%) about 3 years ago. Its going to go public and I'm not being brought out before it does. So I'll be issued a certain # of shares.
Heres the question: If I sell my stocks right away I'm taxed at my current tax rate or 15% since I had ownership in the company for over 3 years.
Second question: Is there anyway to reinvest the profits with out having to pay taxes now?
Thanks for anyone and everyones assistance,
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