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Seems like a potential option. However, with respect to hiring the friend as a straight employee, I suspect that federal payroll taxes would come into issue. Would there even be an ability to take on...

the hope is to avoid the requirements of min wage laws by issuing him such % that the state recognizes him as an owner not requiring pay.

Thanks so much. Tried to answer your questions below

You mention phantom stock. Are you using the term phantom stock as a way to define an alternative right that is not equity, or are you using...

Hello, this is my first post here. Thanks for any advice.

I started a manufacturing and sales business 2 years ago as a sole prop. The product has some IP and I spent most of that time...