In contrast to the duties that corporate boards of directors owe to shareholders, LLC fiduciary duties is a topic that often goes under the radar yet holds significant legal and operational implications.

What Are Fiduciary Duties?

Equity refers to the ownership of a company, typically in the form of stock or the right to acquire stock. While you can't pay employees solely with equity, startups commonly use equity to incentivize their employees and attract talent.

Factors Influencing Equity Awards

When hiring employees, a company should ensure it is complying with applicable federal, state, and local laws regarding employee minimum wages, withholdings, and other applicable requirements.