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Don't Write That Check

Creative ways to compensate professionals for their services
April 1, 2000
URL: http://www.entrepreneur.com/article/24948

Want to conserve your start-up cash? Take another look at the professional fees you're paying. Some professionals (attorneys, accountants, consultants, etc.) may be willing to defer part of their compensation or accept equity in your company instead of cash.

Before you suggest this, put together a proposal that creates a win-win situation, advises Rich Squar, a partner with Squar Milner, a CPA and business consulting firm in Newport Beach, California. He suggests keeping these issues in mind: