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Dec 19th, 2006, 04:38 PM
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#1 |
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Phantom Stock
Hello,
Recently, a small company (S-Corp) that I've been consulting for offered to changed the agreement from sub-contractor to an owner of 'phantom stock'. From my research, it looks like this type of stock is a method of sharing profit without changing the equity structure of the company. My questions: Is this true? Do I gain any 'voting' rights? Any tax advantages to this method? Whats the reason for this approach vs. a simple profit sharing agreement? Thanks |
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Dec 19th, 2006, 07:42 PM
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#2 |
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Re: Phantom Stock
That is correct. It is basically a contract to arrange payment or ownership. Make sure you have legal counsel review and sign off as some rights may or may not be enforceable.
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