I and another person have formed an LLC in California together to start making games.
In particular, there are other people who wish to work with us on a project on the sole basis of profit share only, no other form of payment. They are working with us in our office and are free to work whatever hours they wish. We do not want to consider them employees because we literally have no money to pay them. We all just want to work together for only the duration of this project and split whatever profits we get from it based on contribution.
Legally, is this kind of setup allowed? Is there any problem that the company or co-founders can face?