Working for Sweat Equity in Game Company?

[lianos]

Hi guys,

does anyone have tips regarding the following situation: I just started to make contact with a very young company (LLC) that needs music and sound design for a game and promotional videos.
As they only have a few investors lined up, they want me to accept some salary that is below the respective market value, but I will receive stock instead.

How would you treat this offer -> Does any of you have a suggestion about what kind of percentage one should be able to negotiate ?

Another question I would have since I am not that well educated in economics: If the LLC does not go public with their shares, what possibility would I have to gain money from those shares ??
Thanks a lot,
lianos

[Jeff Hayat]

The best advice anyone could possibly give you here is to consult a lawyer. Especially if the company is not in the same country as you. The offer is very unusual, but might be benificial, depending.

As far as how much you will receive if the compay goes public might vary from country to country, and then the thing you have to concern yourself with, is if they are in fact in another country, which country's laws are you going by? Also, the wording of a contract like this needs to be very clear and precise, so nobody (meaning you) gets screwed. And as a shareholder, there might be certain legal rammifications, depending. If it was the typical deal - you write music and get paid x-dollars per track or per minute, there is nothing complicated there; that is a contract you can write up.. But if you are talking about receiving stock in a company, that is NOT something you want to tackle yourself. GET A LAWYER.

Good luck!

[lianos]

Thanks Jeff you're probably right about the attorney fact -> any other tips from more experienced partners than me ?

Cheers, lianos

[jspencer]

Sounds odd that such a small company would actually have stock options. I would take Jeff's advice and consult a lawyer.