Legal Question in Employment Law in New York

I am the first employee (non-founder) of a tech startup. It's been 18 months now and I we have started to gain some traction (raising significant institutional money soon). I have not signed an official offer letter, not received a salary (either have the founders), signed an ndiaa, and have an option agreement. I am deeply integrated to all aspects of the company, including confidential documents.

How could I get screwed? What should I do to protect myself?


Asked on 11/01/14, 10:04 am

1 Answer from Attorneys

This is a serious issue that I see all the time. If not dealt with as soon as possible you and company will most definitely run into issues even if there is good will between you and the founders (valuation, equity compensation, tax etc.) let alone if a conflict develops between you and the founder concerning the appropriate compensation.

Please contact me and I'll be happy to discuss your options.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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Answered on 4/13/15, 9:57 am


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