With the end of the fiscal year approaching, we continue to see an uptick in the number of clients seeking counsel on structuring equity incentive plans. As our clients take a look back at the prior year’s performance and a look forward to tax planning and financial strategy for the upcoming fiscal year, often now is a time when clients will consider implementing an equity-based incentive structure. The use of equity-based incentives remains a central strategy for our clients seeking to attract, retain, motivate, and compensate employees and independent contractors. As the formation of partnerships — including limited liability companies (LLCs) classified as partnerships for income tax purposes — has proliferated, so too has the issuance of profits interests as a primary form of equity compensation in these entities. READ MORE