Need quick insight on Advisory Shares
I am getting paid in 4.5 yrs vesting schedule w) 6 month cliff.
1 class of Common
Some trigger/accelerator events that I can control.
I need to file my 83(b) letter with IRS immediately-Today. (To accelerate the vesting ((on paper)) and pay income taxes on all the R shares today.
My challenge is: what do I put for the "Fair Market Value" of the private shares?
There are NO 409a valuations or outside funding rounds that value the equity.
Can I just use the par value?
The Only cash investment (equity) is from the main founder (50% ownership). Can I use this as the valuation? 🤏
It is probably under $100k with some IP.
Then divide my minority % and apply a standard discount % for illiquidity/marketability (restricted stock)?
Thank you very much 🙏
📈🤞
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Phillip Cantore
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