Tuesday, October 12, 2010

"Startup Company Blog" Calls for Repeal of 409A

"Repeal Section 409A as it applies to startups and small companies. Startups should not have to spend a bunch of money on lawyers, accountants and valuation experts in order to grant stock options and otherwise comply with this very complex and onerous law. Startups and small companies ought to be exempted. Better yet, Congress, just repeal Section 409A in its entirety."

From Joseph M. Wallin - HERE


Joe Wallin said...

Listen to what Ken Langone, one of the founders of the Hope Depot has to say about the current stock option rules:

"Rules against providing stock options would have prevented us from incentivizing worthy employees in the start-up phase."


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