You have just been offered a modest percentage of equity, either given to you or to buy in for, as either an incentive package or as part of a succession plan.
You like the idea of sharing in the profit and having a better title on your business card. You don't really mind that your boss retains the majority interest, control at board and shareholder meetings, and the final say on all business decisions.
The prospect of an industrial accident, corporate insolvency, employee fraud, adverse tax assessment or global recession has not (yet) entered your head.
So why are you a director?
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