Ask HN: Leaving as founder, what happens with equity?

Re:Ask HN: Leaving as founder, what happens with equity? by benajibayassine on Thursday November 12, 2015 @09:58AM (#10553466)

Hi, would you please point me to a link that talk to the potential tax liabilities that you mention could happen in the LLC case. I have spent a lot of money because my lawyer and an investor's lawyer were arguing whether such liabilities exist or not. I walked away from the deal by then but I still want to know whether my lawyer was right. I would really appreciate more information.

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Re:Ask HN: Leaving as founder, what happens with equity? by daegloe on Thursday November 12, 2015 @11:21AM (#10554059)

Unlike C Corporations, LLCs are pass-through tax entities. This means profits and losses pass through to the individual members. [0]

[0] https://www.sba.gov/blogs/6-things-you-need-know-about-your-...

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Re:Ask HN: Leaving as founder, what happens with equity? by benajibayassine on Thursday November 12, 2015 @11:51AM (#10554292)

Thanks a lot! .. and you would think a lawyer who charges $700 per hour should know that. Motherf*$&er!!

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