by Mike Baker | Nov 3, 2022
The following method for providing founders liquidity has been very popular during the last three years: An investor buys common stock from founders during a preferred financing at the preferred price. Those same common shares are then magically exchanged by the...
by Mike Baker | Oct 19, 2022
The tax rates and deduction amounts for the 2023 calendar year are listed below. Federal ordinary income tax rates Single taxpayers If taxable income is between: The tax is: 0 – 11,000 10% of taxable income 11,000 –...
by Mike Baker | Oct 13, 2022
Someone just emailed me the following question (paraphrased): “I have a private company client who has approved a new hire grant to their new CEO that includes early exercise. The total exercise price of the option grant is $180,000 and the CEO is planning to...
by Mike Baker | May 26, 2022
Let me start with the bad news: I have been persuaded that future token contracts likely do not work. But let’s back up. If your offshore entity[1] has not yet minted tokens but you want to get something into the hands of service providers, historically you have...
by Mike Baker | May 13, 2022
Can I use a self-directed Roth IRA to fund my start-up? I was asked this question by three different clients yesterday. Ever since it was revealed last year that Peter Thiel has apparently accumulated $5B in his Roth IRA this seems to be increasingly on people’s...
