Getting Paid in Stock, Options or Promissory
Notes:
Negotiating Terms for Non-cash Payment for Consulting
By Robert
A. Adelson,
partner at Engel & Schultz LLP, Boston, MA
IEEE
Consultants Network Meeting -- Wednesday, 6:30 PM, May 26, 2010
At Foley-Hoag, 1000 Winter Street, Suite
4000, Waltham,
MA
Mr. Adelson will discuss the following business, tax and
contract issues, that occur when you as an engineer or
consultant are offered stock or options or a promissory note to cover part or
all of your pay.
- When
does taking equity instead of cash make sense?
- What
types of equity can a company offer you?
- How do
you value the stock?
- What
taxes are paid? How to avoid taxes?
- When
does taking a promissory note make sense?
- What
terms should be included in a promissory note?
- What
is the tax effect of a promissory note?
Robert A. Adelson,
partner at Engel & Schultz LLP, Boston,
MA (www.engelschultz.com ) has a broad law
practice in business, tax, contracts, employment and intellectual property law.
Rob’s clients are (1) early stage companies, (2) independent consultants, (3)
senior executives and key employees, and (4) family businesses.
Rob has been a corporate and tax attorney since 1977. He
began as an associate at major New York law
firms Dewey Ballantine and Weil Gotshal & Manges, before returning home to Boston in 1985 where he
has since been a partner in small and medium sized firms before joining his
present firm in 2004. He is a frequent speaker and author of articles published
by Boston Business Journal, Mass High Tech, Family Business Magazine, Genetic Engineering News,
Culpepper Letter and others. (See: http://robadelson.wordpress.com/
) Rob is also Chairman of IEEE Boston Entrepreneurs’ Network and Board
member of 128 Innovation Capital Group. He holds degrees from Boston University,
B.A., summa cum laude, Phi Beta
Kappa, Northwestern University (Chicago),
J.D., Law Review, New York University,
LL.M. in Taxation.
PLEASE NOTE:
No charge for Consultants
Network members; or non-members. The
meeting is free and open to the public. Casual dress.
The
Consultants Network meeting starts at 6:30 PM.
The meeting location is at Foley Hoag LLP, Emerging
Enterprise Center,
Bay Colony
Corporate Center,
1000 Winter Street, Suite
4000, North Entrance, Waltham, MA.
From Route 128 take Exit 27B (Winter Street).
At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn
right on Winter St. Stay in the far right lane and continue around the
reservoir. Turn left at Bay Colony
Corporate Center. Proceed to 1000 Winter Street and enter at
the NORTH entrance
http://www.foleyhoag.com/TheFirm/Offices/Emerging%20Enterprise%20Center%20at%20Foley%20Hoag.aspx
Check
the Consultants Network website for details and last minute information of our
upcoming lectures series for 2009-2010
http://www.boston-consult.com/calendar.php
For more information, e-mail cn.boston@ieee.org or
chairman@boston-consult.com; or contact the chairman
Tom Vaughan at 781-344-0087. The Consultants Network website is at www.boston-consult.org