by Mike Baker | Feb 1, 2019
So, you want to grant a stock option in a privately-held corporation? Here’s how, in 10 easy steps… Step 1: Have legal counsel prepare an equity incentive plan, form of option grant notice, option agreement, notice of exercise, and board and stockholder consent. These...
by Mike Baker | Jan 2, 2019
The other day I received this email from a corporate attorney: “I just got docs for these guys. They are an LLC that elected to be treated as an S-Corp. Why in the world would anyone do that? Ah yes, why would anyone do that? The story goes like this: A company starts...
by Mike Baker | Nov 1, 2018
Any time someone calls me and asks about “warrants” I immediately ask, are you talking about a “compensatory warrant” or a “non-compensatory warrant”? The person on the other end of the phone isn’t always sure. This stems in part from the fact that the paperwork to...
by Mike Baker | Jul 2, 2018
“Our Company would like to issue stock options to a resident of Country X. Anything special we should consider?” Start-ups are notoriously short on cash. And many use service providers in other countries. Put those two things together, and stock options for everyone...
by Mike Baker | May 1, 2018
Sometimes a founder wants to lure a new executive to the company (or incentivize a current executive) with a meaningful stock grant, but there’s no room left in the company’s equity plan pool and the other shareholders aren’t excited about the potential dilution. So,...
