Internal Revenue Code Section 280G was created to protect the interests of stockholders by preventing startups from making unreasonably large payments (golden parachute payments) to certain “disqualified individuals” upon a change of control. Section 280G both limits the amount of golden parachute payments and imposes a special excise tax on them.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
