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A little off-topic here, but I suppose the right people read this thread to answer this question. I've been at a startup for about two years now. I negotiated a higher up-front salary instead of getting a higher stake in the company, but I'm still on a 4-year vesting schedule for 1% stock in the company. When our founder gave me this, I was thinking, "well, if I get some value from this stake, great, but I'm not going to plan on receiving anything," and I naively assumed that this stake couldn't possibly have any negative implications. We've been doing well and our valuation is going up pretty steadily. The company got a bit behind on accounting and tax, but we're finally formalizing documents regarding the vesting of early employees' stakes. It turns out that, depending on the type of stock I receive, I might end up having to report capital gains based on the increasing valuation of the company - possibly to the tune of $150,000 in capital gains between 2016-2017. He was vague about these options, but has promised to get back to me within a week in writing as to what my options are. My question is about strategies to mitigate this tax burden. Is there any good place where I can read about what my options are here? Are there any particular options I should be pushing for personally to minimize whatever tax burden results? Should I be hiring a lawyer or account here?
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Mar 23, 2017 19:29
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I'm glad that you think that, because that's what I thought too. I'm hoping this is all just a miscommunication between our lawyer and him.
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Mar 23, 2017 20:04
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Thanks guys, tax accountant it is.
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Mar 23, 2017 20:14
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