What is QSBS?

OK, I’m not a tax attorney, however, I want to bring to your attention the very very lucrative tax exemption called QSBS. Essentially if you hold your shares in a C corporation for more than five years you can get tax exemption when you sell the stock. That exemption can amount to over 10 million. that’s pretty significant so always make sure you set up a regular C Corp and don’t mess up with other types of corporations, unless it’s really necessary.