I'm currently a college student (US) for computer science and a few of my friends and I are going to develop a few games for PS4, Wii U, 3DS, and possibly soon the Switch. We're all fine developing these games for free, at least until we get a couple games released to bring in some profit, but we want to do it legally under a business. It's kind of iffy with the NDAs for gaming companies like Nintendo, Sony, etc to sign separate NDAs as individuals and work together (not to mention tricky to accomplish). I was going to make an LLC that we could all work under, but it's obviously not that easy. From my research I've found that I would need worker's compensation insurance and I'd obviously have to pay the employees. Is there any way to have like minded people working without pay under a single legal entity?
Tim Lymington got it right in the comment. If they don't get a wage, but expect a share of profit and/or loss, they are your partners and would be "members" of the LLC. Then you don't need workers comp or even to pay any salary at all. Of course, they will also be entitled to a share of the business, but from the description it sounds like they should be.