Business: ”What are the tax implications of being paid in equity?”

Wealth-Building Made Simple · Jul 6, 2023 · 16m

Summary Alison and Phillip discuss the tax implications of being paid in equity. They explain that being paid in equity means receiving stock or ownership in a company instead of cash. While there may be no immediate tax implications for receiving “sweat equity", once the equity is converted to unrestricted shares or there is a payout, it becomes taxable income. They emphasize the importance of consulting with an attorney and understanding the legal and tax implications before entering into any equity arrangement. Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | |…