[lutusp]

> One thing you might propose is some kind of profit share based on your contribution. I.e., propose that you take a % of future profits.

For a corporation that issues stock, this is illegal. Do avoid offering this kind of advice.

From the OP, we know the company is organized as a corporation and has a board and issues equities. Therefore, as a matter of law, it cannot "share profits" with a specific individual without breaking corporate law.

[eggsalad]

I believe it is currently an LLC, with a bunch of private investors (wealthy individuals, not VCs). I also spoke with a lawyer, and they didn't foresee any issue with profit sharing. Can you be more specific on why you think it might be illegal?

[rdouble]

LLCs cannot issue stock.