I'm an employee a startup company, and am considering asking for shares or stock or something similar as part of my compensation. The company is an LLC, and I'd like to know what kind of language to use.
I read here that depending on how the LLC is treated, there are certain restrictions on stock options and the like. I'm not sure if my company is such a company, but if it is, what is it that I need to ask for? I'm not even sure right now what a "1244 stock" vs an "incentive stock option" is or what other things might be available. Is there some research I can do (without asking my employer directly) to find out if our company is treated as a partnership?