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Omer Riaz

Social Entrepreneur and Management Consultant (Strategy, M&A, Operations)

I'm joining a startup as a partner in the LLC.  The company had $70K in revenue last year, and some money has been raised at close to $1M valuation. 

The $1M valuation causes concerns for me, because I'm immediately looking at a tax bills of 10s of thousands of dollars upon joining the company and making the 83(b). While it's one thing to sell investors on the idea of the potential of a company, I don't think we could go out today, and get a buyer to pay even $100K for the business.

Has anyone dealt with this before? Are there any ways around it?