Pigford: Baremetrics rejected a $5M 2019 asset sale due to 50% tax hit
Josh Pigford · Episode 534 | A $4M Exit with Josh Pigford of Baremetrics · Feb 2, 2021 · at 6:57
Josh Pigford discusses why deal structuring and tax treatment dictated his willingness to sell Baremetrics.
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“Totally. No, I would not. Like, I remember in 2019, I think, like early, this is probably April, 2019, had an offer for, I think it was around five million, but it was an asset sale instead of a stock sale. And that would have just, I mean, like cut almost after all was said and done, nearly 50% of the purchase price would have gone away. And it's just like, that's, no, I would not have done it then, right?”
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