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When the investment was made, lots of people had shares in the business. They had not done the paperwork on the shares etc and had not realised that just tellin
by jsankey 16y ago
When the investment was made, lots of people had shares in the business. They had not done the paperwork on the shares etc and had not realised that just telling people they would be looked after to avoid paperwork would create big headaches.
Wow, I'm pretty shocked that someone who already owns and runs a business would not take care of something so basic when setting up a new business.
- patio11 16y agoOption B: important information has been lost in your skimming of a two sentence summary of a ten minute description of a multiple-month battle about tax treatment and expectation management regarding a generous equity grant.
- jsankey 16y agoGood point. The more believable explanation is this transcription misrepresents the situation -- the fact that it was shocking should have made me question it.