question archive Franklin does not have any money or assets to contribute, but he does have a lot of connections and has successfully groomed start-up companies into thriving entities of which several have gone public
Franklin does not have any money or assets to contribute, but he does have a lot of connections and has successfully groomed start-up companies into thriving entities of which several have gone public
Subject:LawPrice: Bought3
Franklin does not have any money or assets to contribute, but he does have a lot of connections and has successfully groomed start-up companies into thriving entities of which several have gone public. Franklin will contribute his expertise and forego a salary in exchange for stock. Franklin's salary for similar projects was $375,000 per year. That's how long he thinks it will need until he can attract venture capitalizes to invest and he can start taking a paycheck. Franklin expects no taxable income for his contribution because he is not receiving an actual paycheck.
