It depends if this is a capital gain item or an ordinary income item. AS RobertB4444 states, what you did is called divestiture. It is different in a Partnership situation than simply selling a portion of stock from a corporation. It may very well be an ordinary income item if you have previously not classified what you sold as an intangible asset subject to amortization. Do you have records indicating the amount of time and materials expended to justify a cost basis?
Above, you stated "Simply transferred body of knowledge via training and various data files" as the item(s) you sold. If, again you have these items combined as an intangible asset subject to amortization in the Company, the capital gain treatment may be allowed. I suggest you check the link to the IRS below and scroll down to the sale of intangible assets. The is also another link to a recent publication that expands on the matter. Depending on how the wording of the sales agreement states, that too may have a bearing on whether this is a capital transaction or an ordinary income transaction.
Publication 544
Self Created Know How
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