Morgan Lewis attorneys Casey August, Samuel P. Bryant, Amy Pocino Kelly and Erin Randolph-Williams are co-authors of Equity Compensation for Limited Liability Companies (LLCs), 3rd Edition, published by the National Center for Employee Ownership (NCEO). This publication explains the issues around LLC equity compensation and considerations in drafting a plan.
In the third edition, the main chapter on equity interests in LLCs was replaced by a new chapter from a team of experienced attorneys. Another new chapter discusses how to allow LLC equity interest holders to be treated as employees. Also chapters on designing equity incentives, accounting, sharing equity with employees, and communing have been updated.