Phantom Stock
My company is going to likely sell when it gets to unicorn status in the next 12-18 months. I own an unknown amount of phantom stock. My guess is it will be worth anywhere from 75-150k. This is taxed as normal income. Any good tips out there I can use to minimize my spike in taxable income?
We will likely sell to a VC firm - so not an IPO but I figured this would catch the right set of eyes.
See if they can get you 83b
Nothing beyond the standard things like maxing our retirement accounts. For some reason people seem to believe that there are magic accountants and magic things one can to to avoid tax burden. You can’t.
Obviously you never worked in a successful startup
I was actually really hoping for magical accounting advice.
Hey neighbor. What's BuilderTREND like? Just hit 500 employees, but I don't know anyone there.
Awesome place to work. But you have to grind. No easy way to advance other than straight out working people. That being said, I’ve never worked more than 45 hours in a week there.
“When it gets to unicorn status in a year” famous last words
TC or GTFO
83b
ELI5, what is 83b?