I've worked in a startup for a while and earned a certain amount of stock options.
Now I want to buy this stock (i.e. convert options to actual equity), but the CEO strongly suggests that I wait a year or so before doing that, and I don't understand why. The stock price for me is so insignificant that it's not a factor at all. The CEO claims that having stock would make me fiscally (or even legally) responsible for the company in case of some trouble (lawsuits, debt on loans, etc.)
I find that hard to believe. The company is registered as LLC, I don't work for the company anymore, and at most I'd own 1.2% of the company, so why should I be responsible for company's debt, even if there was any?
What do you think? Is the CEO's advice reasonable, does it sound right to you, or there something else behind it?