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The maximum number of stockholders for a private corporation is 2000, and it excludes stock awarded as part of employee grants, so that point is not a factor. B
by anthuswilliams 5y ago
The maximum number of stockholders for a private corporation is 2000, and it excludes stock awarded as part of employee grants, so that point is not a factor. But your other points still aptly demonstrate the utter lunacy of this idea.
- jcrites 5y agoThanks for the information. I was not aware that employee compensation was exempt from that limitation. I couldn't in practice see small companies choosing to go through the hassle of issuing stock to candidates for a week's worth of work though. It would be a lot of legal hassle for a process that's problematic for both sides. Plus, you might end up with the problem of people interviewing at every hot startup that does a "1-week job trial" hoping to get some early stock at the next company that becomes a unicorn in 10 years.