Private Company Stock Options: Determining Fair Market Value in ...

Valuation “Quasi” Safe Harbor
• Valuation of an “illiquid start-up
corporation” (cont’d.)
– Must take into account all relevant factors,
including those described above
– Presumption not available if the corporation
reasonably anticipates at the time of the
valuation that the corporation will undergo a
change-in-control event or an IPO in the next
12 months
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