Exchanging equity for services? entrepreneur how earn by blogging blog

Hi,

My company has recently offered a small amount of equity in exchange for some services that we can't currently afford. We aren't giving much away but we are a little stuck at the technical part.

Does anyone have any experience in doing this? Couple ideas that we are mulling over is how to state how much this equity is worth (essentialy $0 at this point). Also, we'll be reissuing the Operating Agreement with a new schedule of equity and I'm trying to find out if this is the only step I need. The new equity partner won't be a managing officer or anything. Essentially they'll just have control over their own shares and receive their percentage of the yearly distribution.

Any experiences or pointers would be greatly appreciated.

submitted by /u/jimsturkey
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