Legal Question in Business Law in Connecticut

LLC and equity promises

Can the owner of an LLC (one owner/member) provide equity options to his employees? Are there limitations? I've heard that this is not possible but have many varying opinions. This is key to a friend that is staying in a job and ''hoping'' for the windfall.


Asked on 8/28/06, 9:34 am

1 Answer from Attorneys
Steven Basche Jacobs, Walker, Rice & Basche, LLC

Re: LLC and equity promises

I'd be very wary of promises of "equity" in an LLC. They are usually restrictive regarding adding new members or creating new "economic interest only" participants.

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Answered on 8/31/06, 11:30 am


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