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Both limitations apply on a per-issuer and per-taxpayer basis, and while the exclusion is limited to the greater of the two rules, in practice, the $10 million rule is most often the limiting factor in start-up ventures. One important issue in determining QSBS eligibility is whether the business is a qualified trade or business (QTB).
It was Allen’s first foray into real estate investing, but would lead him to purchase more and more land that he would turn into high-end office space for tech and start-up companies, which would help transform Seattle into the tech-savvy city we know today. Perhaps the greatest example of that was the city of New London, Conn.’s
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