Sets off a red flag for me. When contracting, the companies with equity you might actually want are able to pay for your services with cash. Different story i

Sets off a red flag for me. When contracting, the companies with equity you might actually want are able to pay for your services with cash. Different story if you were really excited about the project and the opportunity, really confident in your client's abilities, and wanted to become his full-time cofounders. But then I'd propose you divide the company equally three ways.