Many companies have recently stopped allowing employees stock options. There are numerous reasons for such a drastic difference, but feared monetary loss on the part of the firm is among the top. Regardless, the on-paper wages are preferred by countless employees, who view the stocks as an easily understood benefit as well as something of a bonus if the company’s share value rises.
In an effort to avoid added taxes for the business, a strategy called a “knockout”, the legal aspects best explained by attorney Jeremy Goldstein, can be used as a solution. Goldstein has over 15 years experience as a business lawyer, and founded his own law firm in New York.
A type of “knockout” is called an down-and-out option, which gives the holder the ability to buy or sell an underlying asset at a specified price if the underlying asset’s price didn’t drop below a certain barrier during the option’s life.
While knockout options aren’t the solution to every issue, they work past the largest blockages that form when utilizing the stock-based compensation.
Jeremy L. Goldstein is a partner at Jeremy L. Goldstein & Associates LLC, which is a law firm. He has earned many degrees; they are from the New York University School of Law, the University of Chicago, and Cornell University. Goldstein has also been involved in almost countless amounts of large corporate transactions.
Jeremy Goldstein holds the position of chair for the subcommittee of the American Bar Association Business Section. He is also known as one of the top executive compensation lawyers. Goldstein is a board member for Fountain House as well, which is an organization that is focused on the recovery of people with mental illness.
To learn more, visit http://officialjeremygoldstein.com/.