How do vesting schedules typically work for LLCs giving interest to an advisor?

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You can set up a unit or membership interest plan, similar to a stock plan. I generally advise clients to keep advisor grants short, 6 mos, one year, vesting at 1/6th or 1/12th. You can't see around corners and the right advisor now may not be the right advisor in the future. A startup or small biz lawyer can give you off-the-shelf plan, advisor agmt and unit/membership interest agmt. Recommend Steve London at Troutman Pepper if you're looking for someone on East Coast or Greg Chin at Duane Morris if West Coast. GL.

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