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The Advantages and Disadvantages of an EMI Company
If you really don't want any dilution, then it's worth considering phantom shares because they're not actually shares at all. The idea of a growth share is that the employee would get some shares of a different class. But it would not entitle them to any of the value built up thus far in the business. So if your business is worth one million pounds now, B share holders only get to participate in any value on sale over a million pounds or higher.