He Took a 15% Ownership Stake Instead of a Raise Three Years Ago, Watched the Company Land Major Clients and Surge in Revenue This Year, and Just Got a $14,000 Tax Bill for Profits the Founder Is Keeping Inside the Business While He Receives Nothing
That’s the situation a creative director finds himself in after accepting a 15 percent ownership stake in a boutique marketing agency as a substitute for a salary increase. The agency has grown significantly this year, landing two major enterprise clients and generating strong revenue through the spring. The founder’s response to that success has been…