Interest rates were quadrupled to 8+% after being NEGATIVE (relative to inflation) for 12 years going back to the beginning of Obama’s term.

You can thank the Fed.

That has absolutely nothing to do with the current state of the economy.

Nobody is thinking about carbon dioxide output when they are deciding between a Big Mac or eating a burger at home.

Maybe .01% of the population.

Don’t. Stop caring so much about what other people think about you and your company. As long as the company is doing well ignore comments like this.

Credit debt is at an all time high.

People laid off from corporate positions are having difficulty finding work.

People are starting to realize their lifestyles are unsustainable, especially when income is lost.

Okay, but that’s not what the post said?

So use a shell company to commit IP fraud. That’s some great advice you’re giving to this person. Surely this can’t end badly.

Shelve the idea for now and focus on your education, figuring out your career path, and internships.

In a decade you will have lots of money saved, a degree, a strong resume, and a large network. At that point you can start a company and be wildly successful.

You have time, so use it in the most valuable way possible. That is genuinely focusing on your studies and building a career.

I would say do this on the side in your free time as a hobby / entertainment, but if you’re not even interested in the pursuit then obviously don’t do that.

Lol gave my entire answer assuming he was in the US. Oops!

Why pay taxes on $750,000 in one fiscal year, at the highest tax bracket, THEN placing what’s left into yield generating accounts?

Request that the funds be deposited into a company account, set to grow via safe, yield generating investments like treasury notes. Specify in writing that the business-owned account is non-withdrawable, except for an annual “salary” payment to you. Maintain a 5-10% advisory role on the board without additional responsibilities outside of advising the new owner. Opt for structured payouts on the yield for further tax advantages, enabling the business to retain sale proceeds on paper while you benefit from gradual income growth, reduced taxes, and a more tax-advantage yield strategy utilizing nearly the entirety of the proceeds.

Of course, consult a lawyer and accountant, but there are far better ways to structure the proceeds then being written a check for $750,000 in one tax year.

Here’s some napkin math on what that would cost you assuming 37% avg federal tax and 5% state:

**Remaining Balance: $750,000 - $277,500 (federal tax) - $37,500 (state tax) = $435,000

So this would cost you roughly $315,000 in taxes before you’re able to invest the proceeds into generating yield.**

Find an organization that donates clothing to underprivileged children in Africa. Plenty of them out there.

You can give 50 kids a lifetime worth of joy with that much product - I promise they won’t care about the placement of a logo!

Find an organization that donates clothing to underprivileged children in Africa. Plenty of them out there.

You can give 50 kids a lifetime worth of joy with that much product - I promise they won’t care about the placement of a logo!

There are about 1,000,000 potential other factors that need to be considered to answer your question. Plus weeks of financial analysis.

There are about 1,000,000 potential other factors that need to be considered to answer your question. Plus weeks of financial analysis.

If it ain’t broke, don’t fix it

Two sentences in and stoped reading.

Solution is to call a therapist.

When you’re sick you call a doctor.

Full focus on my education while enrolled in college, then full focus on my career while newly employed.

Do those two things and you will be successful.

Simple answer: Because they can.

Not enough people have quit to effect bottom line and new applicants keep rolling in regardless of surveillance policies. Many companies (cough cough - banking…) continue exerting as much control as legally possible as long as turnover and hiring impact doesn’t throw the business off course.

They will take as much control as the employees will allow, just like what governments have been doing for THOUSANDS of years to their people.

Based on the post, how do you have enough cash / income to even qualify for an apartment without W2 + paystubs for income?

What’s your retirement situation looking like without a 401k?

Is it even possible to take vacations since you don’t have PTO?

What are you doing about healthcare on the private market?

Sounds like you would be a in a far better position currently if you found a decent job with benefits.

Hire a lawyer to rewrite your contracts.

It’s completely dependent on the individual business.

Nobody here can really provide much of value via a one paragraph Reddit post.

We’d need to see all company financials, market research, business plan, competitive landscape, product, past marketing, audience lists, past analysis, etc etc etc before anyone can provide actual advise.