Tech Coast Angels has launched an innovative way in which the angel network can assist its members realize tax losses at Zombie companies (companies that have essentially shut down but have not dissolved). The new approach will be announced at the Angel Capital Association Summit next week in Philadelphia.
One of any angel investor’s biggest challenges is what happens when an investment turns essentially worthless, yet the company does not shut down or claim bankruptcy. This can happen either due to struggles in the company’s business, or through a recapitalization of the equity of the company.
