equifused

3 ms·

1. 1.▲
   by equifused 17y ago

   > will be taxable immediately to you even if you never buy the stock and the options expire worthless. That's the picture I'm getting, but your way of putting it certainly drives the point home!
2. 2.▲
   by equifused 17y ago

   I think they mostly want to avoid the extra time and money and ongoing maintenance that go into C-corp-ness. Also, a change at this point will certainly have tax implications for the partners and the angels. Good or bad I don't know--more c
3. 3.▲
   by equifused 17y ago

   Thanks, grellas. Looks like the plan needs to be revised.
4. 4.▲
   by equifused 17y ago

   Right, but what we really want is options, not proper stock. They don't want to make me a proper LLC member, and I don't really want to be one anyway. Part of the idea is the equity-holding stuff won't become a tax event for me unless they
5. 5.▲
   Ask HN: I'm Contractor 0, now being offered equity--in an LLC. Can this work?

   7 points by equifused 17y ago|11 comments