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I'm not being paid as of yet since there is no income. We are still working on demo products to show prospective clients. Should he not be paid then?
by quicksilver1024 18y ago
I'm not being paid as of yet since there is no income. We are still working on demo products to show prospective clients.
Should he not be paid then?
- xenoterracide 18y agonot having any experience to say. I would say no. If you make him a partner he doesn't require a wage like an employee would, since his potential benefit would be higher, as would his risk. When the cash flows then everyone gets it. However, you must handle that tactfully, giving him the chance to remain employee if he wants. Of course you may have to explain the reason why an employee would get payed where a partner making the risks wouldn't.
- quicksilver1024 18y agoI can say right now that it would be difficult for him to accept 25% equity while giving up his salary. The guy wants it both...