I'm an engineer/CEO/Founder of an unfunded startup (well, I guess you could say I'm the one providing the funding). So far I've been the only person who has done any work with this company. I don't have the business registered, I don't even have a separate bank account for the site's expenses. My business plan is to get lots of signups, and then sell advertising on the site, as the user-base is very focused.
I'm thinking of hiring a sales guy, whose job is to get in touch with companies and try to get them to purchase ad space on my site. Since right now the site does not make any profit, I don't have any money to pay such a person. But I understand some sales people work only by commission. How does this work? Will I only be able to get crappy sales guys to work under these conditions? Am I going to need to get funding first so I have money to pay the sales guy a salary?
Also, since I don't have any kind of financial/business infrastructure in place (bank accounts, tax forms, employment contracts), will that stuff impede me?