I am glad to see it being discussed. I tried like hell to find people like Scott who have done it and have good, bad and ugly to discuss before I went through with it and was unable to find such people hence I relied on attorney opinions. In my case, the target company has an existing 401K they are administering that is popular with employees hence I need to continue offering that benefit so it makes no difference. Also, with regards to the requirement to offer employees equity, there are many reasons why it has never happened according to my Guidant rep, the first one being that you only have to make such an offering once in the beginning. Its not open to anyone anytime during ownership of the company. Who is going to buy equity in a company just purchased by someone new who they know nothing about? I didn't see it as a problem. I am however SURE I will run into complications which were not disclosed by Guidant and questions I didn't know to ask my attorney. We will see how it goes.

Would love to connect - may I email you as well? I’d like to ascertain if you are a good fit for a few clients. My contact info: Vishal S. Petigara, Esq. Managing Member Petigara Law Group, PLLC Tel: +redacted Email: redacted redacted