Legal Question in Business Law in New York

Hello.

We're a small Architectural P.C. (4 full time employees) (9 independant contractors) firm in Brooklyn. Founded and run by one person since conception. We've been in business since 2000 and are seeking to reward dedicated employees with some sort of profit sharing or employee vesting option. Not sure if an ESOP will work for us because of the costs involved and the fact that maybe only two or three employees will be interested in participation.

Is there something else we can offer the employees that will allow them to profit from our growth and feel an ownership of the company?

Please advise. [email protected]


Asked on 9/29/16, 9:19 am

2 Answers from Attorneys
SHAHRIAR KASHANIAN LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,

Reward on a project by project premise and client's feedback.

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Answered on 9/29/16, 10:28 am

As my colleague noted, profit sharing in its various flavors is a viable option. However, the founder's plans for continued involvement with the firm in the future would be paramount in tailoring a solution that not only incentivizes current staff but lays a foundation and road map to the continued success of the firm in the event the founder wishes to scale back, change roles or retire.

I will PM you directly.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

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Answered on 9/29/16, 12:48 pm


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