Hi All,
New addition to the group here - love the discussions and am hoping my
question is relevant to some others as well.
I've got an ACT-based startup with a few founders and we are ready to
incorporate in order to receive some external grant funding. We are getting
stuck on the issue of
what you are asking for is anti-dilution provisions. What I've eyeballed
are situations where price paid for the shares may depend upon
circumstances of departure. It may be at market value if the
founder/manager is deemed to be a good leaver, or it might be considerably
less in the case of
Last month the govt released discussion paper under the (ironically) *A
Plan for Australian Jobs: The Australian Government's Industry and
Innovation Statement* (seems ATO is NOT amused at tax innovation) which is
the chance to look over implementation (or non-implementation) since the
tax
Lawrence its amazing how much you can waffle on and say absolutely nothing.
Seriously dude I don't know you personally, but I've never read a single post
of yours that couldn't be said in 10% of the time.
Your answer is I think there may be a relevant case at Donaldson v FCT but go
speak with
Thanks Lawrence and Dean.
We're avoiding options and trying to just have the founders buy the stock
up front with a repurchase option if they're a bad leaver.
What I am concluding is that there is no commonly accepted, publicly
available template for setting up a standard vesting agreement
What I am concluding is that there is no commonly accepted, publicly
available template for setting up a standard vesting agreement between
founders in Australia. This is a big surprise to me.
Yes, I found this the case also. This question has come up a few times
without a good answer from
http://www.moorestephens.com.au/sites/default/files/success_by_design_final.pdf
The tax implications are governed by accounting standard AASB 2
Share-based Payment which is outside my professional area of competence
You’ve either done it and know the answer or you don’t.
Cheers,
