LLC will work for units?

Question

I can't afford a full-time employee salary. Is there a way where the employee can receive a share in company without becoming a member (owner) and not having voting rights. Is it possible for exchange of services I can issue the employee units in the LCC. Like a stock option?

Answer 1

You need to get your language right. What you are proposing is giving your employee an economic interest in the company without a management interest. Just have your lawyer review your current operating agreement and make any necessary changes...