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by bootdaddy
5567 days ago
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It depends on how the company is set up. If the total stock was allocated then it may be a tax issue to change. The best option may be to have vesting periods that can then be accelerted based upon workload/responsibilities. The other option may be to "contribute" stock into new corp or LLC, but again, looking at tax issues. I did this and it was not easy... Or contribute assets (code etc) only (not stock) into new entity and close down the old company. Or issue more shares enabling a vesting period (may be simplest thing). Definitely consult with a qualified business accountant to avoid what could be major headaches and possible tax penalties. |
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