I have a 33.33% stake in an LLC partnership, which was made with cash contributions. I have since developed software with an associate who is not part of the company that we would like to sell as software from the LLC Partnership. I understand from speaking with an IP Lawyer that since my associate and I developed the software, we are the owners of the code.
What are our options for an agreement between my associate and I and the LLC Partnership to lease or sell the software to the company? The LLC is a startup so the funds do not exist to sell the software, so we were thinking of setting up some form of rental/lease agreement. We are not looking to change the ownership of the LLC, but I want to assure that my associate and I receive a fair deal for the software we are bringing to the company.
Is this a good idea and what are some other options?