- common stock is 99.9% worthless, you want preferred stock
- liquidation preference is important, if company doesn't want to tell you, insist on market-rate salary
- if a company tries to switch from an LLC to C-Corp and move you from being a minority owner of LLC (0.1-3%) into a common-stock owner of a C-Corp with the same %, block/sue them; you were working for thieves
- don't treat verbal agreements seriously
- common stock is 99.9% worthless, you want preferred stock
- liquidation preference is important, if company doesn't want to tell you, insist on market-rate salary
- if a company tries to switch from an LLC to C-Corp and move you from being a minority owner of LLC (0.1-3%) into a common-stock owner of a C-Corp with the same %, block/sue them; you were working for thieves