Right, but what we really want is options, not proper stock. They don't want to make me a proper LLC member, and I don't really want to be one anyway. Part of

Right, but what we really want is options, not proper stock. They don't want to make me a proper LLC member, and I don't really want to be one anyway. Part of the idea is the equity-holding stuff won't become a tax event for me unless they do sell or buy me out, which is roughly how I understand options to work.