Andrew, You should consult a good accountant or attorney. The IRS has very strict rules as to who may be compensated as an employee versus an independent contr

Andrew, You should consult a good accountant or attorney. The IRS has very strict rules as to who may be compensated as an employee versus an independent contractor or consultant. This is the case, partly, no doubt, to ensure that employees are classified as such and the appropriate payroll taxes are shared between the employee and the employer. As I understand it, officers of C corps are essentially employees and may not be compensated as consultants for services they render to a corporation. Assigning rights in IP and stock purchase agreements are independent of the issue of whether or the someone working for the company may be considered by the IRS as an employee or an independent contractor.