Here is Andrew’s Legal 101 for startups:
• File your 83(b) election within 30 days of getting your stock, or face tax penalties!
• QSBS (Section 1202) can make your first $15M of gain federally tax-free, with the right structuring
• Put vesting on founder shares from day one (4 years, 1-year cliff), it protects founder and investor equity.
• Watch for "dead equity" a departed founder holding 20–30% can block your next round