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Missed Startup 83(b) election filing I'm Stuck :(
Hi Champs.
Now that I have used Clerky 2 months ago to incorporate a new startup in Delaware, I had no idea at all about the consequences of not filing the 803(b) elections form to IRS before the 30 days deadline!
I have checked and seems there is no way back! either i dissolve the company and incorporate a new one, or I have to pay lots of taxes in the future if, hopefully, the company succeeded and the stock value increased.
The process to dissolve and incorporate a new company takes time and I'm very busy with the activities of my startup right now. What would you do if you were in my shoes? Any workarounds? anyway to file this form after a year time for example?
Thanks.