## Limited Liability Companies

Learn how to create and manage an equity incentive plan, including the different types of equity awards, key design decisions, and legal requirements. [Learn more](/content/learn/startups/compensation/equity-incentive-plans/index.html).

Learn the ins and outs of simple and complex waterfall modeling with Carta's free, comprehensive resource. [Learn more](/content/learn/private-funds/management/waterfall-modeling/index.html).

Learn how LLC distributions work, including how to split profits, manage taxes for single-member and multi-member LLCs, and maintain clean records. [Learn more](/content/learn/startups/private-companies/llc/distributions/index.html).

Learn how phantom equity plans incentivize and retain key employees without diluting ownership. This guide covers mechanics, tax implications, and crucial risks for private companies considering implementation. [Learn more](/content/learn/startups/compensation/equity-incentive-plans/phantom-equity/index.html).

Profits interest can give LLC members a share of future growth with tax-free grants and long-term capital gains treatment. Learn how to set up and manage them. [Learn more](/content/learn/startups/compensation/equity-incentive-plans/profits-interest/index.html).