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A venture investor friend of mine didn’t know what QSBS was. Founders: this rule can turn millions in exit gains federal-tax-free. Comment “EXIT” and I’ll send you a QSBS checklist to make sure you qualify. QSBS = Qualified Small Business Stock (§1202). If your C-Corp qualifies, you can exclude up to 100% of your gain. OBBBA makes it even better: shorter holding periods + higher limits. Basics: - Must be originally issued C-Corp stock - Assets ≤ $50M (≤ $75M after July 4, 2025) - Active business (not law/finance/consulting) - Hold for 3–5 years The catch: redemptions can blow QSBS, and some states don’t follow federal rules. The play: Plan early. Structure it right. Your future self will thank you. Comment “EXIT” and I’ll send you a QSBS checklist to make sure you qualify.