I am not an accountant, I am not an investment advisor, I am not in the USA. Here are my (random) thoughts.
Extract half for yourself. Invest half of that in stocks and share, put the other half into a pension fund.
The half that's in the business, keep 1/3 as liquid assets, invest the remainder.
Buy advice from a decent investment advisor, pay a proper accountant, put the money to work.
Others will probably respond here with radically different suggestions and tell you why all the above is dangerously wrong, so above all, be aware that you are taking free advice from random people on the internet. It's probably worth what you're paying for it.
Extract half for yourself. Invest half of that in stocks and share, put the other half into a pension fund.
The half that's in the business, keep 1/3 as liquid assets, invest the remainder.
Buy advice from a decent investment advisor, pay a proper accountant, put the money to work.
Others will probably respond here with radically different suggestions and tell you why all the above is dangerously wrong, so above all, be aware that you are taking free advice from random people on the internet. It's probably worth what you're paying for it.