4 ms·
I see what you're saying and I used to think like this. But you can't think about what you have to lose now, you have to think about you could lose in the futur
by jonathanjaeger 13y ago
I see what you're saying and I used to think like this. But you can't think about what you have to lose now, you have to think about you could lose in the future.
For example, I'm reincorporating my company and talked to a startup lawyer this week. Did you know that if you incorporate in this calendar year, if you hold on to your stock in your company for 5+ years, you pay no capital gains taxes up to $10 million. Basically, if you ever sell your company many years from now, you have some big upside. It's not guaranteed that Congress will grandfather in 2014 for this rule. Once again, I am not a lawyer and only paraphrasing.
It's this example and dozens of other things you might not know and could potentially hurt you in the future. But glad you're getting it taken care of.