Re: Shares and startup companies

["M. Dannenberg" <midannen -at- SI -dot- BOSCH -dot- DE>]

Win Day schrieb:

> Has anyone worked for shares rather than for cash?  I don't know how
> to go
> about setting it up, let alone collecting!  I don't even know what
> questions
> to ask.  Should I talk to an accountant? a lawyer?

I don't think there's anything in the law that prevents you from
accepting shares, cattle, barrels of beer or any other form of payment
you want, so simply talking to your bank should be enough. They'll
happily handle those kinds of transactions.

> I should probably add that I'm impressed with the product so far, and
> I do
> think it has a lot of potential.  The company seems to be headed in
> the
> right direction -- they've incorporated (in California, I think), and
> are
> seeking venture capital to continue.  I can do the future work at my
> own
> speed, pretty much, so it won't interfere with my other contracts.

Getting shares from a startup with a promising product at an early stage
might turn out very lucrative, think Cisco or Dell. On the other hand it
might be a write-off. If you're willing to take the risk, and the farm
doesn't depend on it, why not? If, on the other hand, you're relying on
that job to pay your mortgage, it's not a very sound idea.

Mike

--
Mike Dannenberg
ETAS GmbH & Co.KG
midannen -at- si -dot- bosch -dot- de

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