by Mike Baker | May 1, 2023
What do you do, when you receive a 409A valuation for your company that is lower than the exercise price of previously granted stock options? A few years ago I read an article titled, We Spend Too Much Time Celebrating “Start Ups” and Not Enough Time...
by Mike Baker | Apr 4, 2023
So, you’d like to convert your limited liability company, which is taxed as a partnership, into a C corporation? This is generally not hard to do from a pure mechanics perspective. If your LLC is organized in Delaware, or certain other states, the conversion can be...
by Mike Baker | Jan 15, 2023
Every year I get a new hard copy set of income tax regulations. These come in four phone book-size volumes. I probably look forward to getting these more than I should—they come at the end of December, and for a tax guy like me it always feels like a belated Christmas...
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...
