- When the consultant believes he or she could contribute great value to the company and thus see real appreciation in equity;
- When the consultant has the time (lack of full paying jobs) and knowledge, training and experience to be gained from the work could prove useful to qualify for and attract other desirable paying work
- When there is other “currency” for payment including the consultant gaining contacts, attending a trade show, gaining exposure on the web or in company promotions, or gaining access to useful technology
My presentation also included benefits of a promissory note in collection and terms to seek in a promissory note.
For May 1 The Reflector article, see
For an earlier article in Business Week Online under the title “Making Stock-for-Pay Plans work well” where I was interviewed on the subject, see
To see slides from my presentation: http://www.engelschultz.com/index.php/getting-paid-in-stock-options-or-promissory-notes-negotiating-terms/
If you are considering taking or giving stock or a promissory note in payment for services and have questions or need assistance, please let me know. Robert Adelson at 617-951-9980 ext. 205 or email@example.com