Request for Question Clarification by
15 Aug 2004 15:09 PDT
Even if there were an online service, don't use it.
Sit down with an attorney who specializes
in corporate issues and learn what ALL the
ramifications are in such an action. And
all the ways to handle such a transaction.
You have legal, tax, and estate issues, at the very least.
But, good for you - for wanting to share your success with your employees.
Incidentally, you may want to consider giving them non-voting
preferred stock, with a buy-back clause, just in case things change
in your relationship.
Or you may want to consider giving them a profit-sharing
plan instead of stock. They'll still get their share of
your profits as long as they are there...but if they leave,
you still own your business.
I always advise small business owners not do
give away voting control of their business outside
of their families (heck, not even within the family,
unless the family members work full-time for the
If you still want to go with the stock, let us know
and I or another researcher will try to help you.