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View Diary: Overqualified and Unemployed (22 comments)

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  •  Equity Doesn't Pay the Rent (4+ / 0-)

    And makes your status unclear when filing claims for unpaid wages with the State Department of Labor.

    •  Filing With the DOL (0+ / 0-)

      Really doesn't help pay the rent, either...it's too easy to structure your business to make yourself judgment-proof, and it costs too much money to go to court to get your pay, because it's an "employment dispute," and has to be handled by a specialized lawyer...

    •  lurker - if jadevol can find a paying job (1+ / 0-)
      Recommended by:
      GoGoGoEverton

      then he should take it. While he is unemployed he can work for equity with the clear understanding that the time he spends will NOT be paid for with cash. In nearly every startup the founding team puts in thousands of hours without any cash compensation. That is why it is called "sweat equity".

      "let's talk about that"

      by VClib on Tue Apr 02, 2013 at 10:10:19 PM PDT

      [ Parent ]

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