SAFEs, or Simple Agreements for Future Equity, which were introduced by Y-Combinator in 2013, are a popular investment instrument in early-stage startup financings. Y-Combinator intended for a SAFE to be a simple investment instrument requiring minimum negotiation. However, from a tax perspective, the treatment of SAFEs is not so simple. This program, featuring Lowenstein partner Lesley P. Adamo, will provide an overview of the various forms of SAFEs and their tax treatment. Although SAFEs were intended for use by C corporations, we have seen them used by both LLCs and S corporations which implicate a number of complicated and troublesome tax issues.
- Lesley P. Adamo, Partner; Vice-Chair, Tax, Lowenstein Sandler LLP
Time: 9-10 a.m. ET
*Disclaimer: This event is open to the public but requires a registration fee.