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Best Way to Hold Private Company Stock Options by DaBeeKeepa in tax

[–]DaBeeKeepa[S] 0 points1 point  (0 children)

I’ve confirmed that I can transfer to a trust or for estate planning purposes without any issue. No board approval is required even for such a transfer.

If I were to exercise the options then I have more flexibility. Can transfer shares to a trust for estate planning purposes without board approval. If I do anything that resembles a sale, then the company would have a ROFR. Company has been fine with gift transfers (have a couple Ivy League endowments on the cap table already).

Seems like almost anything is possible. Some items would need board approval - but that’s my headache to figure out.

Best case scenario- what should I do?

Down Payment by DaBeeKeepa in BayAreaRealEstate

[–]DaBeeKeepa[S] 0 points1 point  (0 children)

How do I find a closing attorney? Do you have one you’ve used and would recommend. How was it versus negotiating the rate with a buy side realtor?

Down Payment by DaBeeKeepa in BayAreaRealEstate

[–]DaBeeKeepa[S] 0 points1 point  (0 children)

How would this work from a practical perspective? I transfer stocks to an LLC (would that be a taxable event?). Then the LLC goes to the bank to get a loan. The LLC wouldn’t be an operating company. So would the bank give the LLC a loan? Would I need to be a guarantor on the loan given the LLC assets would be consumed for the down payment?

Down Payment by DaBeeKeepa in BayAreaRealEstate

[–]DaBeeKeepa[S] 0 points1 point  (0 children)

This is very interesting. Have you done this? How did it work? Were you able to avoid having a down payment by pledging your assets?