Read my "Guide to Incentive Compensation for LLCs" (Google Docs link) to learn the most efficient ways to provide equity and equity-like compensation (e.g., phantom units) to LLC managers, officers, employees, consultants and other service providers, including sample plans and award agreements. Enjoy!
Your employees, like wide receiver Rod Tidwell (Cuba Gooding Jr.) in the classic movie Jerry McGuire, are valuable commodities. They will stay with you if offered proper incentives, especially if you "show them the money." One of the best ways to do this is to create a simple cash bonus plan. A cash bonus plan offers employees a financial reward for achievement of corporate, business unit and/or individual goals. The goals can be short-term (e.g., annual or quarterly) ...