I'm looking to start a website to supplement my day gig. I have the ideas, funds, and skills to do pretty much everything by myself, except for the front-end design. I plan to own the site under my Sole Proprietorship LLC, and will be responsible for startup and ongoing costs and maintenance. This will be the first time I've done something on the side with intentions of generating revenue.
I currently plan to just pay the designer a fee for his time (he will bill me based on the time it will require for his part). He would likely not have any additional work once it becomes stable, unless we wanted to tweak things later.
However, there are a few things I'm considering, and would like some peer feedback:
1) I'm wondering if I should somehow yield some profit share for the designer, to help him feel more vested in the site. If so, how do I determine what is fair for both parties? How should I protect myself?
2) I would love to have some extra help with developing to get the project up quicker and help drum up more ideas (and to help keep me motivated), but again, I'm not sure how to determine what would be fair for both parties.
3) Ultimately, if I decide to get others to help, how can I minimize the risk of tainting our relationships due to greed, jealousy, etc (on mine or their parts)?
I feel entitled to a large majority of the revenue, since I am the one doing the up-front investing and have come up with pretty much all of the ideas for the site (to this point), which is why I'm struggling with the concept of sharing the profit vs. just paying any help flat rates for their time. I also feel that keeping it simple would avoid a lot of legal headache that might come with trying to share this, plus I could jeopardize the relationships I have with these prospects (most of the ones I'm considering I consider good friends).
At the same time, I would love to share this experience with others, and feel that the site would benefit from having more than just myself contributing ideas into it.
So that's my dilemma. What are your suggestions?
Thank you for your time.
(BTW, I created this account to protect my identity, but will definitely accept the answer I feel is best, and upvote any that help my decision.)