With the recent round of capital invested into GoPuff at a valuation > $9B, many early shareholders (angel investors, venture investors, employees, option holders) are wondering if they can take the QSBS Exemption on their gain of GoPuff. The answer is potentially. There are lots of factors that go into understanding the eligibility or not of a company for QSBS exemption and they are each a bit unique in nature based on how and when the shareholder acquired their shares as well as underlying information on the company.
Early employees will also be asking are my stock options eligible for QSBS, along with investors, founders, consultants and other key stockholders. There are also questions regarding what state the shareholder lives in. Considering GoPuff is based in Philadelphia, Pennsylvania QSBS Exemption laws will also be important for employees filing in PA.
If you are a stockholder and hold shares or stock options in GoPuff we will help you with our QSBS Assessment, just contact us and we will promptly get back to you.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.