Notes

Startup Law 101 Series - What Is An 83(B) Election And How Does It Work In Practice?
Rick Scott Wins Florida Governor's Race:: Rick Scott re-wrote the rulebook to Florida Politics. It was awkward but in the end, Florida chose to elect a the businessman who touted his job creating experience. Who built a company from nothing. He knew attacking the President was the route to the Governor's mansion. He ducked Newspaper Op-Ed boards and didn't talk to the media if it wasn't a friendly set up. Billion dollar medical fraud? Yeah, but that was like sooo long ago..

malaysia election My election cycle crush, easily beat her opponent Dan Gelber (and that silly St. Bernard scandal) to become Florida's new Attorney General. I joke about her appearance a lot but she didn't take any breaks and worked as hard as any other state-wide candidate I've seen.

Why is that? Canadian law doesn't limit how long politicians can campaign, but it does strictly limit how much money they can spend on a campaign. That's no matter if it's the candidate's own money, or money contributed by supporters or special interests. And Canada seems to have been a pretty well run country over the years.

In Canada, by law election campaigns must run for a minimum of 36 days, but there is no mandated maximum time. Yet the longest election campaign in Canada in the last 100 years was in 1926, when the campaigning dragged on for all of 74 days.

There is no Democrat who can beat them in the primary and no credible Republican opponents. John McCain has been a George Bush lap dog on any issue of importance and he is such an obviously calculating politician, he probably can't win the Republican primary. By now, sixty percent of the voters can recognize a Republican lie when they hear it and they yearn for Democrat lies, which Hillary will supply in abundance.

So conservatives are faced with a choice. Abandon what they truly believe in and vote for McCain just because he's a republican. Or dato ramanan ramakrishnan wikipedia for the best candidate for them. I choose the latter.

While not often used in startups, in conventional buy-sell agreements, if a company can buy back even the vested stock of a departing founder at its fair market value on termination of a service relationship, 83(b) doesn't apply. If the buy-back is at fair market value, there is no substantial risk of forfeiture of the economic value of the stock. Thus, no 83(b) filing is necessary.
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