Backdated day rate with a startup

[clearedforlanding]

Do you believe in the company, product and the current market conditions?

If so take the stock.

[Scruff]

I would take the equity in issued Preference Shares only. And then only if you can live on £200 per day in the interim. I can't...

[oilboil]

Take some legal advice as well around taxation, the fact you are taking share options in lieu of salary means there are tax implications due at the point of award, regardless of whether the options turn out to valuable or toilet paper

[Lance]

Take some legal advice as well around taxation, the fact you are taking share options in lieu of salary means there are tax implications due at the point of award, regardless of whether the options turn out to valuable or toilet paper

normally with options there is a value at award but no tax to pay.
When the option matures and you take the cash there will be CGT to pay on the profit.
I say normally in that both times I've had similar that was the way it worked.

Note that those are the reasons I'd never do it again. I want proper shares or money. Not jam tomorrow. I'd even be willing to pay some money for the shares (discounted obviously).

but absolutely needs legal advice.