I am starting a business with my partner. The company does marketing related services. Initially, it was assumed that the company is going to be 50/50 between the both of us.
However, recently I was able to secure an investment with thousands of dollars as capital. Since I have the money and since he is not putting anything down, I would like to have more share of the company. Specifically, a controlling vote on decision making. Sometimes I feel my partner lacks in some business aspects, however compensates in others.
How do I go about doing that? What are my options? Do I just say "Ok, I want 60/40" or "70/30" - How do you set the rules for that? I know it may be a very obvious answer but I just wanted more insight as to how to setup a company with a partner.
Also, another thing I wanted to ask about was intellectuality. I registered a "smart" domain name that is reflective of the industry and a lot of people thought it would help in our company, if I have more than 50% of the company, can I be entitled to keep the domain name since it was my idea for that name and I paid all registration? Including website hosting + design?