Copyright Cooper Law LLC 2017 – All Rights Reserved
Cooper Law LLC
Problem:  A business wants to be able to attract high quality employees and consultants through the use of incentive compensation arrangements.  The business may also need advice concerning how to make an offer to a prospective employee or consultant or how to structure a severance package for an employee or consultant.
Solution: Cooper Law LLC often provides its clients with advice on the negotiation and drafting of employment agreements, engagement letters for personnel, and incentive compensation plans.  For corporations, this would include incentive and non-qualified stock options, restricted stock, and phantom stock.  This is generally accomplished through the corporation adopting a long-term incentive plan.  For LLCs, this would include the structures for providing employees and consultants with contractual rights (“Incentive Interests”) to share in the proceeds from capital transactions in certain circumstances and in profits in other defined circumstances.  These provisions may be drafted into the LLC’s operating agreement or attached to the operating agreement as an exhibit as well as reflected in employment agreements or engagement letters.  We also advise employers and employees on issues arising in the context of the termination of an employment situation.  Finally, we advise clients concerning situations where their treatment of individuals as independent contractors could raise the risk that the IRS will re-characterize the relationship and impose significant penalties and interest.
Copyright Copper Law LLC 2017 All Rights Reserved
Cooper Law LLC
Problem:  A business wants to be able to attract high quality employees and consultants through the use of incentive compensation arrangements.  The business may also need advice concerning how to make an offer to a prospective employee or consultant or how to structure a severance package for an employee or consultant.
Solution: Cooper Law LLC often provides its clients with advice on the negotiation and drafting of employment agreements, engagement letters for personnel, and incentive compensation plans.  For corporations, this would include incentive and non-qualified stock options, restricted stock, and phantom stock.  This is generally accomplished through the corporation adopting a long-term incentive plan.  For LLCs, this would include the structures for providing employees and consultants with contractual rights (“Incentive Interests”) to share in the proceeds from capital transactions in certain circumstances and in profits in other defined circumstances.  These provisions may be drafted into the LLC’s operating agreement or attached to the operating agreement as an exhibit as well as reflected in employment agreements or engagement letters.  We also advise employers and employees on issues arising in the context of the termination of an employment situation.  Finally, we advise clients concerning situations where their treatment of individuals as independent contractors could raise the risk that the IRS will re-characterize the relationship and impose significant penalties and interest.