Startup or young companies often are cash poor but rich in founder and employee energy, enthusiasm and devotion. Can issuing “sweat equity” shares of ownership serve as an effective means to compensating and retaining key talent while the organization stabilizes financially and grows to the point where money is not so tight?
Find out how you can capitalize on the experience and commitment of team members with a compelling offer that’s “good as gold.” Learn why expert advice is needed to:
- Calculate the value of sweat equity contributions.
- Maximize the benefits of a sweat equity compensation approach.
- Understand and deal with the legal and tax issues of sweat equity.
- Be sure essential provisions are covered in the contract.
Cliff Ennico is an attorney and business development consultant based in Fairfield, Connecticut. Author of 17 books and host of his own small business advice channel on YouTube. Cliff speaks nationwide to corporations, business groups and professional organizations on legal and tax issues affecting small businesses and entrepreneurs.