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THEY ask a lawyer, because they are probably the ones violating securities law. IANAL. A possible framework is for them to grant you x,000 options that you accr
by russell 17y ago
THEY ask a lawyer, because they are probably the ones violating securities law. IANAL. A possible framework is for them to grant you x,000 options that you accrue on some basis. You reduce your rate, because you are part of the team. I am not sure you can buy stock or options at your leisure because you probably are not a qualified investor.
- tptacek 17y agoIt is not a violation of securities law to include equity as part of an employee's compensation. You're right to point out that his 1099 status might muddy this up, but the spirit of the arrangement they are trying to come to is certainly achievable under an LLC.