For example, if you decide to loan money to a friend, you may draw up the contract after you’ve already made the loan, in which case you’ll want to backdate the contract, making it so that the interest started accruing the day you loaned the money.Likewise, if you haven’t made the loan yet, you may set the effective date to a future date, so that the interest only starts accruing when the actual loan has been made.

backdating mail-36

Someone else had already won them, but I told everyone to check their inboxes again.

Everyone sort of knows I used Custom Time on this one, but I'm denying it." Robby S., Paralegal "I used to be an honest person; but now I don't have to be.

Any email you send to the past appears in the proper chronological order in your recipient's inbox.

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Since so many people think this is an important point, I thought I’d do a post addressing just that contention. What I assume people mean is that granting in-the-money options is not illegal, so long as you account for it properly. But the whole point of backdating is to pretend that you’re not granting in-the-money options when in fact you are.

And to say it’s up to the bean-counters to catch this situation is silly, because the whole reason you’re using phony dates is so that the bean-counters won’t know what you really did.

Backdating in most circumstances is considered fraudulent and illegal. For instance, backdating a claim for a past period is taken as legal.

Whenever I write about backdating, many people write in to tell me that backdating’s not illegal; you just have to account for it correctly.

Sometimes you will want the effective date to be different from the date of signing, either earlier (i.e., backdating) or later (i.e., predating).