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Deferred salary or deferring salaries is an alluring trap in startup land. A company's runway gets shorter.

If your company has had employees exercise incentive stock options ("ISOs"), you are required to report certain information to the IRS and the optionee about the exercise.

The RAISE Act would allow holders of stock in private companies to more easily sell their shares. Sales of private company stock are known as "secondary transactions.

A lot of companies, including a large portion of Silicon Valley startups, grant new hires immediately exercisable ISOs (incentive stock options) with the expectation that many will exercise their...

The SEC has finalized the Title III crowdfunding rules. Now it is time to see how people will use the new rules.

The final Title III Equity Crowdfunding rules contain a number of changes from the proposed rules. Some of the changes are good, and some are arguably not so good.

You might be wondering what I am talking about when I say that there is a 12(g) problem with equity crowdfunding.

Update: Final SEC Rules on Intrastate Crowdfunding (Rule 147 and Rule 147A) Updated February 2026 When this post was originally published in October 2015, the SEC had proposed changes to Rule 147...