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Given the tax scheme is published well in advance, they certainly seem to be worth something---else who would take them?
by brians 10y ago
Given the tax scheme is published well in advance, they certainly seem to be worth something---else who would take them?
- jogjayr 10y agoStock options and private stock are taken in the hope that they'll be worth something someday, not because they're necessarily worth anything at present. It's all well and good to say "X is the fair market value of this stock based on factors y, z and a"* . But when no market exists (or severely restricted ones where sellers have to take a loss) then that value is not relevant (or should be discounted appropriately). * I tried looking up (briefly) whether the absence or presence of a market for the company's stock is taken into account for a 409a valuation but couldn't find anything.