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Need help with creative ESOP or Similar

Looking for the best way to give my employees 50% of a business (Sub S) valued at $3 million. I'm a semi absentee owner and would like to pass the business on to the people who helped me build it. I would like around $1 to $1.5 million in cash (which is equal to my retained earnings or my receivables). I'm not looking to be on the hook for the business after I cash out, I'd like to travel and spend time out of country. If I go with a bank financed ESOP, then I'm the one actually signing for the loan and don't really want to do that. Business is running well and has no debt.
People will say you must be nuts to get rid of a business that nets $500k to a mil a year, but I've never seen a hearse pulling a U-Haul, so evidently you can't take it with you.
Is there a good Tax Attorney out there?

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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 13, 2017

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