LexisNexis® Legal Newsroom
  • 07-02-2012 | 14:43 PM
  • Author:
May My Company In New York Pay Its Employees In Sweat Equity Instead Of Cash?

Many individual owners of closely held businesses want to hire an employee for the business, but lack the cash flow to do so. Periodically, owners of a cash-strapped, closely held business in New York, who want the business to hire a worker, will ask me whether, instead of paying the worker the minimum...