What to Put on Your Section 351 Statement When Nobody Knows What the Company Is Worth
How not to screw up your 10x basis, which could be worth far more than the $15 million cap.
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Startup Law
Startup law guidance on formation, fundraising, equity compensation, and exits.
Deferred (and Unpaid) Salary: A Trap for Founders
Unpaid founder salary can create wage liability. A covered arrangement that violates Section 409A can also trigger a 20% additional tax and premium interest. Here’s what to check.
BOI Reporting Is Over for U.S. Companies: FinCEN's Final Rule, Explained
FinCEN's August 2026 final rule exempts U.S.-formed companies from federal BOI reporting. What remains for foreign entities, and what FinCEN says about deleting prior data.
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Washington Sales Tax on Startup Services: Exposure and Penalty Relief
ESSB 5814 expanded Washington sales tax to specified services. How to assess startup exposure, buyer and seller liability, and limited penalty relief.
Missing Stock Certificates and QSBS: What the IRS Ruling Actually Says
PLR 201636003 addresses stock ownership without certificates. It does not determine issuer eligibility, active-business compliance, or F-reorganization status.
When to Exercise Stock Options at a Startup: A Decision Framework
Compare option exercise costs, ISO AMT, NSO compensation, contractual deadlines, QSBS holding periods and Washington taxes before committing cash.
SAFE vs Convertible Note: What They Are and Which to Use
Convertible notes vs. SAFEs: how each works, key differences in terms and mechanics, and which instrument makes more sense for your early-stage startup funding.
How to Negotiate Startup Equity: A Practical Guide for Employees
How to evaluate and negotiate employee equity at a startup—percentage on a stated capitalization, strike and vesting, ISO vs. NSO, refresh grants, and common mistakes.