[akg_67]

There are a few legal hurdles both from SEC and IRS. You will need to figure out way around them.

There are limits on maximum number of stockholders in a private company (IIRC 500+). Once exceeded, private company is expected to do SEC filings similar to public companies. Same issue with a private company accepting small investments from lot of investors (even if investor is accredited). JOBS Act might help here.

Any non-monetary compensation for services will be a taxable event from IRS viewpoint and taxes will need to paid by service provider. As stock value will not be much in very early stage, tax liability might not be significant unless IRS want fair compensation for services as the tax basis (not a tax professional).

[sharemywin]

I think you would need legal contracts and templates. Also, things could be handled possibly by royalty payouts.