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		<title>Phantom Shares to Partners</title>
		<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
		<description>Phantom Shares to Partners</description>
		<lastBuildDate>Sun, 5 Jul 2009 10:08:48 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[This is just about the only way ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[This is just about the only way to monitor it. however, cant really measure time as a measurement of the contributation

Time seems to be the best measurement though.&#160; Can you think of a better measurement for a w]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753783</guid>
			</item>
			<item>
				<title><![CDATA[This is just about the only way ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[This is just about the only way to monitor it. however, cant really measure time as a measurement of the contributation]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753782</guid>
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				<title><![CDATA[For the original founders of the]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[For the original founders of the business (three of us), I can`t see a more fair way to compensate than in proportion to the time spent.&#160; Profit distributions would be made in proportion to total hours spent toward the business.
Ownership]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753781</guid>
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				<title><![CDATA[There really are several issues:]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[There really are several issues:
1. Fair compensation&nbsp;to each person for their&nbsp;efforts (time). You may have a difficult time paying everybody the "same" hourly rate.
2.Distributing the results of the business operations (profit]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753780</guid>
			</item>
			<item>
				<title><![CDATA[As long as they work the same nu]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[As long as they work the same number of hours as me, I am fine with distributing profits equally among ourselves.&#160; This profit sharing plan would be in effect indefinitely (until we all agree to change it or are bought out).&#160; The profit sharing p[...]]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753779</guid>
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			<item>
				<title><![CDATA[I gather that none of you are ge]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[I gather that none of you are getting paid for the work you are doing. If so, the idea of each person being compensated for their time by sharing in the profit is workable and you don`t need to create any "phantom" stock to do that. As previously mentio]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753778</guid>
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			<item>
				<title><![CDATA[
  In that case, what it sounds]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[
  In that case, what it sounds like you are doing is paying your employees (or independent contractors)&#160;on a profit-sharing basis based on the hours they each work. You, as the owner of the LLC get all the actual profit distributions. Definitel]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753777</guid>
			</item>
			<item>
				<title><![CDATA[Good question, Molly.&#160; The ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[Good question, Molly.&#160; The business is owned entirely by me.&#160; It is an LLC.]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753776</guid>
			</item>
			<item>
				<title><![CDATA[
  How is your business organiz]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[
  How is your business organized? C-Corp/LLC/other? Does everyone have an ownership interest?
  &#160;
  Molly Donaldson
]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753775</guid>
			</item>
			<item>
				<title><![CDATA[As CEO of a small business, I ha]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm</link>
				<description><![CDATA[As CEO of a small business, I have a couple friends working with me who are able to contribute roughly 10 hours / week, while I will contribute over 40 hrs / week.&#160; To address this imbalance when profits are distributed, and to account for the potenti[...]]]></description>
				<pubDate>Sun, 5 Jul 2009 10:08:48 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Phantom-Shares-to-Partners.htm#753774</guid>
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