The risks mentioned above are all valid. However, monetary reward is a huge motivator. You may be better off offering a percentage of the profit to select employees to give them the incentive to be hard working team players.
The management challenges of multiple personalities with different ideas will result in a difficult work environment attempting to keep everyone motivated and happy. Everyone with an ownership stake will feel that their ideas must be considered.
If the ultimate goat is to build and eventually sell a business, and you feel that you are the primary reason for the success, you may resent giving the dishwasher the same check that you get.
This sounds more like a plan someone would come up with if they wanted to buy a business but couldn't afford it.
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