A startup is offering me 10% equity in their company if I devote my time to helping them acquire X number of leads for their business. There is currently no salary or pay until they start turning a revenue.
My question is what am I liable for? What are the risks?
I'm not devoting any of my actual money. I'm just dedicating some of my time to help get them some leads. Specifically, they're reaching out to local businesses and want gift cards in exchange for traffic to their websites/place of business.
If this startup ends up getting sued or goes bankrupt or something later on down the line, am I then responsible for 10% of whatever ends up happening? (both good and bad?)