Need Advice on Hiring/Paying Help at Early Stages of Business
My partner and I are in the infant stages of our business and we have several excellent contacts for people who will work with us on website development, content development, etc. We are trying to figure out how to compensate these people for their services before the business begins earning income. I understand that generally speaking, some promise of future benefit is required, but can anyone tell me what their experiences have been or what method they recommend? Right now we are a two-member LLC, but we are considering transitioning to an S Corp. Thanks.
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