
For many years, the most common advice on sharing equity with employees in a limited liability company (LLC) has been "switch to S corporation status instead." The argument was that it was too complicated to share equity in an LLC. Yet many LLC leaders want to share equity with employees and have very good reasons for retaining their company's status as an LLC. When we at the NCEO asked experts in...
Perfect Paperback: 98 pages
Publisher: National Center for Employee Ownership (NCEO); 2nd edition edition (April 16, 2013)
Language: English
ISBN-10: 1938220072
ISBN-13: 978-1938220074
Package Dimensions: 8.9 x 6 x 0.4 inches
Amazon Rank: 499804
Format: PDF ePub fb2 djvu ebook
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This book was exactly what I was looking for in planning compensation for my LLC. It fit perfectly with the other 7 books I recently purchased from NCEO for the purpose of educating myself about LLC's and employee ownership.The book is well written a...
wnership law if it were possible to share equity in an LLC, the usual response was "yes, but it is complicated."; No one seemed to want to go into too much detail about just what these complications were, however. This book finally makes detailed material available on equity compensation in LLCs. It not only explains all the issues around LLC equity compensation but also includes a set of sample plan documents in digital format.In the second edition, the book has been substantially revised and expanded. The chapter on equity interests in LLCs was completely rewritten and expanded by a team of experienced attorneys. The same team replaced the single plan document in the first edition of the book with a new, complete set of plan documents. Additionally, chapter 6 has been added, discussing communicating with employees about equity. Finally, the chapter on accounting has been updated.