How a Facilities Services Business Hired a Lawyer to Draft an Equity Compensation Agreement in Missouri

In 2022, a business in Missouri sought assistance with drafting an equity compensation agreement to enhance the compensation package of its General Manager. The client aimed to incorporate equity shares into the manager's compensation plan alongside an increase in salary and paid time off, while also needing guidance on any related S Corp filings necessary for these updates. The equity was intended to vest over a timeline of 5-10 years, though the client was still determining the specific percentage of equity to offer. As a result, the client received four proposals from licensed lawyers, with flat fee bids ranging from $750 to $1,200, all submitted to meet the client's requested deadline of over a week.