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Questions about startup salaries...

 
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Commandant

posts: 3

Dec 09, 2007 9:30 PM ET    Quote  Report Abuse
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Knowing that startups need great people but often times have no money, how much would you pay executives, managers, and associates?  I know this may differ from company to company, so I`m interested in knowing how you may have handled this situation in your company.

Thanks


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v/r
Dorien J.M. Michaels I
CEO/President
Venture Fidelis Ltd.

Value.Innovation.
StartupLawGuy

posts: 20

Dec 10, 2007 12:11 PM ET    Quote  Report Abuse
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I`m no expert in the HR/personnel area and so I can`t say what the dollar value of pay should be, but often times, new ventures are able to attract and retain good people with equity in the business.  There are numerous considerations in doing this, since paying with equity may end up being far more expensive (in terms of the value of the ownership given up once the business is succesful) than paying with dollars.  
There are also some legal considerations in doing this, especially if you want to maintain control of the company.  Have you thought of going this route? 


-------------------------

Clint A. Costa, Esq., CPA (Licensed in Illinois only)
SNSFE, P.C.
http://www.snsfe-law.com
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