Kev,
Did your accountant point out any small business concessions that may be
effect by class of shares?
Thanks for these Mick.
rgds,
- matt.
On 21 March 2011 11:44, Kev wrote:
> Mick, thanks for sharing, could be very useful. I will be having a
> chat with an accountant re these docs and pr
Mick, thanks for sharing, could be very useful. I will be having a
chat with an accountant re these docs and provide any useful feedback
- one thing my accountant did point out in an initial chat is that
there apparently are small business concessions (tax I assume) that
kick on on a sale of a sma
thanks for this mick, its pretty cool that you share it with us.
On 17 March 2011 23:43, Mick Liubinskas (Pollenizer) wrote:
> Hi everyone, sorry this is so late. Took a while to scrub it clean. It
> may not be the simplest thing to work out but blame the govt for not
> making options work.
>
> R
Thanks for sharing Mick, excellent work getting around that.
If there is one thing politicians must understand, it's that innovation in
the private sector can circumvent ('game') nearly any legislation. They
need to start considering this truth.
I think the cultural barrier is the bigger issue
Mick,
Thanks so much for sharing these docs, very generous of you and it looks
like a very good solution. Would you be happy to share the details of your
contact at http://www.mk.com.au/ who put these together for you? Would love
to have a chat to them as we're going through exactly this at the mo
Hey Mick -
Thanks so much for sharing these docs, handing over bundles of green
to tax lawyers to find a way though this debacle of short sighted tax
policy must have been somewhat maddening.
Looking at the complexities involved in making share options work for
startups, it seems the administrat
Hi everyone, sorry this is so late. Took a while to scrub it clean. It
may not be the simplest thing to work out but blame the govt for not
making options work.
Read the summary first.
As a way of quick explanation, instead of options you issue a two
classes of shares/units. B class shares which
Thanks Mick. Perfect timing! :)
On Mar 10, 9:46 pm, "Mick Liubinskas (Pollenizer)"
wrote:
> Hi all, sorry for the delay. We've removed all of the specific info
> and are just getting the docs double checked. I'll get them out
> shortly.
>
> On Mar 10, 6:10 am, Humphrey wrote:
>
>
>
> > Hi Mick,
Hi all, sorry for the delay. We've removed all of the specific info
and are just getting the docs double checked. I'll get them out
shortly.
On Mar 10, 6:10 am, Humphrey wrote:
> Hi Mick, Any chance you could share the Dropbox link agian? Thanks
>
> On Feb 28, 11:13 am, "Mick Liubinskas (Polleniz
Hi Mick, Any chance you could share the Dropbox link agian? Thanks
On Feb 28, 11:13 am, "Mick Liubinskas (Pollenizer)"
wrote:
> I've had a few requests for this, let me make sure the documents are
> clean and I'll post a Dropbox link.
>
> Mick "Admin is my co-pilot" Liubinskas
>
> On Feb 24, 10:0
I've had a few requests for this, let me make sure the documents are
clean and I'll post a Dropbox link.
Mick "Admin is my co-pilot" Liubinskas
On Feb 24, 10:04 pm, "Mick Liubinskas (Pollenizer)"
wrote:
> To get around Australian option laws tax issues we've used a multi
> class system where sha
To get around Australian option laws tax issues we've used a multi
class system where shares change class after a certain milestone (time
or goal based). Then you combine that with a non interest loan and you
get a pretty good working system.
We've got documentation for a system like this that I'm
On 24/02/2011, at 10:48 AM, Jeromy Evans wrote:
- if you're a company with real value, it's a disincentive that your
employee has to be pay income tax on that right before it's realized
as a gain (or loss). ie. we're offering you what we estimate is $10k
worth of shares/options today, that will
On Feb 24, 3:03 am, Andrew Bruno wrote:
> Isn't the value of what an item is worth really what one is prepared to buy
> it for?
>
That's right, but employee share ownership has a different purpose.
It's to provide an incentive (motivation) to employees and can be an
instrument to retain employee
I am curious.
Person A owns a company A Pty Ltd.
They also work for an employer ABC pty ltd.
ABC decides to sell part their company. What's wrong with person A buying
part of company's ABC Pty Ltd via their investment company A pty ltd just
like they may buy anything else? shares, property, cars
On Feb 23, 11:51 am, Clifford Heath wrote:
...
> Anyhow, that was the situation before the last round of changes. In
> this context,
> can someone clarify what the changes were, and when tax is payable?
>
Division 83A introduced the new rules for shares or rights acquired by
employees after 1
* And by "Thoughts?", I mean, "does anyone have any relevant thoughts
on the Australian Federal Government's taxation regime of options and
its reform"
I received options in a startup we did in the 90's, and the rules then
depended
on the vesting price. I.e. if your company's shares were curre
On Wed, Feb 23, 2011 at 11:27 AM, Geoff Langdale
wrote:
>
> Frankly I don't want to subsidize either (or both?) of the major
> parties after having our interests so comprehensively ignored. A lot
> of us will just vote with our feet (see also the exodus to San
> Fransisco) or find ways to work aro
David: yes, I'm subtle like that. Our messages crossed for some
reason, so don't think my previous message in this thread is in
response to yours.
Thanks for the (on-topic) contribution. I think the fear of rorting is
the major problem but this won't be the first or last part of the tax
code that
Hi Geoff,
I was actually going to leave this thread alone but I detected you were
trying to secretly message me.
In Canberra, I discussed this recently with some Government Officials.
What they said went close to this "Well we did something like that for the
film Industry and the whole thing got
It's a dumb move by the government. Not so much the issue of paying
taxes but forcing startup employees to pay taxes up front on assets
that might be worth 10x or 0x and are extremely hard to value. I don't
think the key issue is wanting to dodge or minimize tax here, it's not
to take a potential h
The story behind this is that the Rudd government -- likely reacting to
public anger with senior executives making money during times of massive
layoffs -- decided that if you were given stock options, you were taxed at
that point (even if you never exercised the right to purchase stock with
your o
Hi,
I receive cash salary + stock as part of my package in Australia.
As a result, I pay personal income tax on the valuation of the stock
at (approx) the time it is *issued* to me. That is, I pay tax now on a
benefit that may not be realized. This is due to a recent Australian
tax ruling (I forg
Is there any recent news on the incredible mess that the Australian
government made of ESOP-type programs? Last thing I saw was from about
8 months ago in a post by David Jones, indicating that this is 'still
in the too-hard basket'. If there are government types who care about
this they are keepin
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