Alexander Volchegursky

I feel like I need to step in and comment post by Anonymous September 25, 2017. By comment content I have a strong feeling I know this case and I'm one of the co-founders of that company. To the point. we hired Alexander to set-up company and bylaws. 1) We were told - yes we do not have to file 83(...b) election at the moment of incorporation, yes we can make decisions later, but it is a generally a good idea to file it now, shortly after issuance of shares. 2) Paying to issued shares - same case. Yes, shares must paid for, although it is not imperative we do it right at the moment of incorporation. 3) 1099 - not sure if it refers to the 1099 tax form. If it is - it's obviously accountant task 4) Option pool creation – discussed with Alexander, but it is something discretionary and should be created depending on the funding round as VCs have different requirements. On the other side, Alexander made a lot of customization for our bylaws that we asked him. Bottom line the only mistake was that Alexander didn't back to us and check if we follow-up things. But we asked him about company incorporation, bylaws and filing to Delaware and we got a really good deal for it. To be honest, we didn't ask to check our activities.

I would like to share my experience on working with Alexander Volchgursky (San Francisco) on registering a startup company. Initially, it seemed ok – he prepared the papers for us, with asked several questions and signed. Only later, when we were getting the investment, round we faced the consequenc...es of his poor advice and negligence of not doing/recommending us to do several things: 1) On our question: should we apply for 83b elections for issued shares, he responded: “There is a very tiny or no difference in applying or not applying with our cheap current stock prices.” We asked if we can just skip this step, he replied “Yes”. This advice had a dramatic effect on us when we were getting the investment, threatening us with huge personal tax consequences. Later we figured out that 99% of startups apply of 83b, It's very weird that he did not know that, he should have said to us: “Don't even think not to apply, there is no reason not to do that”. It took us lots of money and effort to rectify those bad decision outcomes. 2) Did not instruct us to pay for the issued shares. 3) Didn't instruct us to make 1099 for all founders. 4) Didn't make (or advise us to make) a stock plan to address the stock option pool creation To sum up: Definitely, would not recommend this lawyer to anyone.

Very competent lawyer. He is my lawyer in corporate business and connected activities, my second lawyer in CA and 6th during business life. Requires a minimum time for developing a solution, that saves my Time, Time, Time again and money. The main thing is that he very client focused, like he solvi...ng his own issues, and for sure, very competent in what he is doing. This helps me feel very confident in success. I highly recommend Alex for any person who runs business.