Qualified Small Business Stock

“QSBS has saved me millions of dollars in taxes”

“Then you don't have to think about this, I would say, till maybe year three. I find, ideally, like, between your series A and B, it might be worth thinking about how to multiply QSBS if you were to get there. Any before, and it's too soon, because honestly, li…”

“So what I've done this time around is given shares to my brother, my mom, my dad. So if the company were to ever have a successful outcome, each of them would have their own ten million dollar limit.”

“I set up two trusts. I set up a trust for the benefit of my future children and family, and I made a gift of my shares to the trust, and as a result, that trust got its own ten million dollar limit, and then I set up another trust, which is called a charitable…”

“The way it works is if you hold shares in a qualifying C-corporation, and we'll come to that in a minute and what that means, for up to five years, when you sell your shares, you pay no federal taxes on ten million dollars, And in 42 states, including New York…”

“This is the most common way of seeing people accidentally mess up their QSPS status is let's say you have a co-founder that leaves the company and you want to buy back their shares. Talk to a lawyer before that to see it doesn't cross a very specific threshold…”