Using stock, stock options, restricted stock units, and any other benefits in lieu of or as a supplement to compensation is a common practice among bootstrapped startups. However, creating and administering a legally compliant options or RSU program is expensive. Additionally, minimum wage laws prohibit an employer from substituting stock and options for pay where wages fall below the minimum standard. If you’d like to talk to an employment lawyer regarding your options then turn to. Our legal platform takes the time and stress away from finding a top notch attorney at a rate you can afford.
November 3, 2017
Can you compensate an employee with only fringe benefits?
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Fundraising for a team is about hustling and working all the options out there to: Get your concept in front of the right eyes. This implies that you should not just shop your concept out for funding everywhere unless your IP protections are in place. Otherwise in the quest for funding you may have just sewn the seeds for competitors to knock off your concept. Hustle the networks Alexandra rightly points out above. In this sense one has to assume the role of social marketer when shopping for offers. Don’t discount personal networks such as friends or family for funding Make full advantage of incubators and accelerators who may have strong networks for funding. Thankfully for startups there are a number of fundraising options available, however it is important to select a fundraising method that is able to balance your funding needs with your venture’s strategic goals, in that the goal should be to garner quality offers or position yourself to have a range of viable offers to choose from. LawTrades offers a variety of legal services tailored to startups and entrepreneurs. Our handpicked business law attorneys will work on your timetable with flexible payment options. Our process is simple: 1) tell us what you need, 2) connect with a lawyer, 3) pay an affordable flat-fee at the end. No hassle, no uncertainty, and a satisfaction guarantee. Reach out to us today for a consultation. Best of luck.
October 23, 2017