Comment on Re-evaluate founders' equity?Comments−bootdaddy15yIt 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.
Comments
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.