IMPORTANT BUSINESS QUESTION. RE: stock?
i've worked for an electrical contractor for aprox. 7 years... today he offered to GIVE me 10% of the stock in the business, the solely thing that i really enjoy to agree to is that i will stay at least 5 more years next to the company... i really cant think of any cons to this proposal ? i enjoy to make a outcome by next week contained by order to congregate with the attorney and sign papers.. can anyone think of any negative in this situation, anything i am missing or not considering ?
Answers: Should not be any downside unless your boss requirements to raise some assets and thinks he can verbs you arm once you have an equity share. Does the company settle up any dividends? Hopefully it is a genuine proffer to bring you into the business. A 10% holding in a private company have very little meaning, unless there are dividends and/or an exit route sometime within the future (Flotation or trade sale). You own little or no say surrounded by the company and presumably you cannot sell your stake to anyone in need the majority's approval.
Maybe it is too show good conviction in you and to hold you for 5 Years. Enquire as to if in that is a cash alternative!
Besides the 5 yr commitment what is it costing you?
You are contained by the company so should have a better sense of what is going on around the company, how it is doing, where on earth it plans on going ect. So it sounds good, especially if you be not intending on quiting anytime soon.
How much more time do u regard as the stock souk have? Deppression going to begin?
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Answers: Should not be any downside unless your boss requirements to raise some assets and thinks he can verbs you arm once you have an equity share. Does the company settle up any dividends? Hopefully it is a genuine proffer to bring you into the business. A 10% holding in a private company have very little meaning, unless there are dividends and/or an exit route sometime within the future (Flotation or trade sale). You own little or no say surrounded by the company and presumably you cannot sell your stake to anyone in need the majority's approval.
Maybe it is too show good conviction in you and to hold you for 5 Years. Enquire as to if in that is a cash alternative!
Besides the 5 yr commitment what is it costing you?
You are contained by the company so should have a better sense of what is going on around the company, how it is doing, where on earth it plans on going ect. So it sounds good, especially if you be not intending on quiting anytime soon.