Strategy to Convert Convertible Notes to Preferred Equity
Professionalizing Your Cap Table: From Seed to Sustain Executive Summary: Strategy to Convert Convertible Notes to Preferred Equity Reaching profitability is a major milestone for any entrepreneur, but it often triggers an unexpected and awkward legal event: the text or phone call asking when an initial investment will be repaid. If your business reached this […]
Common Pitfalls When LLCs Elect S-Corp Status
Limited liability companies are generally treated as pass through entities for tax purposes. By default, the members who work in the business are not considered “employees.” Instead, they pay themselves by distributing profits from the LLC. But because they are not employees, the members also have to pay self-employment taxes. To minimize this tax burden, […]
