Track One
Cash legal fees from the partnership you organize
If you form a limited partnership that invests in this round, that partnership is your client. You bill the partnership for the legal work you actually perform for it — at your normal rates, paid in cash. This is ordinary legal practice.
Track Two
Restricted equity from the Company for services rendered to the Company
Separately, the Company grants you 75,000 shares of restricted common stock per LP you organize, up to five LPs. Purchase price is par ($0.0001). At our Series A, the Company may, at its option, repurchase those shares for cash at $1.00/share.