I apologize if some things were not clear. The situation described is hypothetical; while I appreciate everybody's concern about my giving away too much, the numbers here are made up, no deal has gone through, etc.

I think the 83(b) election is what I was looking for here. And yes, I'm definitely on the hunt for a new financial advisor/CPA, my current one is not up to snuff here. (The simple fact that they didn't mention the 83(b) possibility raises red flags.)

Asking the question here is simply to get some unfiltered, unbiased advice so that I have more to go off of when evaluating advisors, because yes, this is my first time taking on outside investment.

Where people are stating that the company value is essentially zero; if anybody has any links to throw out regarding how to value a company that has only taken a angel round, I would appreciate it.

The "equity is not income" argument; I've been told that my equity has to be given to me in exchange for something—just being the "founder" doesn't cut it. Since they're given to me in exchange for my services, it's considered taxable income.

Thanks for all the great feedback/conversation, I really appreciate it.