Abstract: Disclosed herein are exemplary embodiments of a tax efficient manner for rewarding initial public offering inventors of a successful business, reducing commission expenses of secondary offerings used to finance the growth of the business, and shifting a large proportion of the rewards of the corporation's success to the initial public offering investors. A paired bid of an investment unit may be placed from a combination of a taxable account and a tax-advantaged account. Investment unit may include at least one share of common stock and a warrant. The warrant may include a right to buy at least one of a share of common stock and a warrant.

Abstract: Disclosed herein are methods of non-cash employee compensation. An exemplary embodiment of a method of non-cash employee compensation may comprise a synthetic stock option program using a synthetic call. A synthetic call can be created without an actual call option by buying both the stock and a put option on the stock. A synthetic put may be created without an actual put option by selling the stock short and buying a call on the stock at the same price.