Share given to employee

[Abc321]

I work (manage) for a small company part-time.

My boss (owner) of the company has suggested giving me some shares as a pay-rise/incentive. This sounds all good and dandy however I just wanted to see if anyone had had experience of this or things to look for!

TBH I take all things he says with a mountain of salt so we will see if comes to fruition. He is drafting up a contrcat/ agreement for me to sign prior to transfer in the next couple of weeks.

[Abc321]

Thanks all, really helpful and sort of the advice I was looking for.

I think/hope the plan is to pay quarterly/monthly dividends which I am aware of the tax implications. As you say, there are some questions to ask but the conclusion I think is to take them (there's no downside as far as I'm aware), worst case scenario 'nothing' happens.

[Abc321]

To conclude a thread, I have been given 10% shares with a possible further 10% in a years time.

The company is a small company and profits are very much at a minimum/none-existent. I am a qualified account so understand the tax implications very well, it was more of the legal implications if the company went into liquidation / had debts which I wasn't aware of / etc. Maybe I should have been clearer, apologies.

But thank you all for your inputs.