The partner tag has no wiki summary.
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1answer
61 views
How Long is A Sidekick Obligated to Be Your Partner? [closed]
Thanks for your help guys. I'm trying to understand the terms of "employment" for a startup side kick.
Basically, I've got a good idea for a startup. There's a kid who's going to Yale who wants to ...
0
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1answer
72 views
Partner Asking For Investment Back
I recently just started an IT business. I built the product and got the product out there and brought in clients already.
I asked a friend to partner with me to build the company. I gave him 30% of ...
1
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2answers
82 views
Value of technical expertise vs. industry connections, initial risk, and business management
I have been given an offer to join as a partner for an existing startup as the technical owner, and am not sure what is fair in terms of equity.
The current owner has the connections and experience ...
1
vote
1answer
36 views
Do I need my own lawyer on a partnership agreement modification
Back story:
I'm the majority equity and voting power holder in a multi-member LLC (Three members, I will call partnership). A year ago we had a partner's wife, who is a corporate lawyer, create a ...
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2answers
54 views
Should initial contribution or future contribution determine equity stake?
I just launched my business which I have been developing for about a year. And in less than 2 months the business already has about 12 dedicated clients and we have made sales and refilled our ...
1
vote
2answers
56 views
Micromanaging partner
We are a start-up working on a few projects and trying to build some strategic products alongside. This is a 3 member partnership setup with a development team of about 15 people. One person, let's ...
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1answer
48 views
Recommended Business Structure for Group of Part Time App Builders
A few friends and I have started building small apps and WordPress plugins in our spare time, and I'm wondering what would be the best business structure (LLC, S-Corp, etc) as I think it's almost time ...
0
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1answer
22 views
S-Corporation Filing an extension with profits
So, you have a S-Corporation with profits, there's an ownership dispute with a court date in May, after the filing date of March 15th.
Should the S-Corporation file an extension? So normally, ...
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vote
4answers
291 views
I have an idea that I am almost sure that it will be successful but no time to do it
I live in Athens, Greece. I have an idea that is really simple to do. It just needs a blog, a twitter account and a facebook page for support.
The problem is that i don't have the time to work for ...
0
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0answers
29 views
partnership models [closed]
I am trying to form a LLC with a Non resident. He has a company overseas running for 10 years. Both of us have a technical background.
My responsibility is to form LLC,open bank a/c coordinate with ...
0
votes
2answers
130 views
How to go about getting a controlling vote on decision making?
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 ...
1
vote
1answer
159 views
Equity distribution when taking investor / partner to develop a successful existing business
i am the sole shareholder of a well-established service business with 10-years of expertise and recognition in our industry locally.
We have an opportunity to grow by creating multiple new locations. ...
1
vote
1answer
108 views
Partnership disagreement
My business partner and I have formed a partnership, we are in the process of drafting our partnership agreement.
One of the points that he wants on there is:
If one of the partners leaves they ...
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0answers
89 views
Partner is leaving, is there any common legal agreement that will allow him to return?
We have a company that has three business partners (all of us are liable for whatever happens in the company). One of the partners is temporarily leaving the company as he can't fulfill his duties ...
3
votes
2answers
161 views
What to offer sales biz dev first hire / partner for product that has early sales traction?
Background:
I am a developer with a SaaS product that is bringing in revenue, but not enough to pay a sales person's salary (yet). The company shouldn't need outside funding. The product is ...
2
votes
1answer
146 views
Revoking a Partner's Equity
I am involved in a startup and one of our minority partners (owns 15%, vested 25% of that 15% with the rest over the next two years) is not meeting his side of the agreement.
I think we have the ...
0
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1answer
66 views
Structuring a stock earnout on start-up?
We are contemplating a start-up with 2 main founders, who will put cash in and work in the business, and 2 angel investors who will only put in cash.
The way we want the ownership to work out is:
...
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0answers
48 views
How to find a Software Product Partner [closed]
We are into Human Resource Management Solutions (HRMS) Software since last 4 years and have done pretty well in the domestic market . We have our own Web Based solutions with 20+ modules in it with ...
2
votes
2answers
94 views
Finding an accountability partner or mentor
Are there any online resources for finding an accountability partner for a startup.
It could be in the way of a mentor.
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3answers
161 views
Steps before starting a partnership
I have seen quite a lot of questions/doubts and concerns here on http://answers.onstartups.com about partnerships. Splitting, percentages, responsibilities, legal obligations etc etc.
In my opinion ...
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2answers
138 views
Meeting with potential partners: should I make them sign a NDA?
I'm a Web developper and have a dating website idea.
I'll meet in the next few weeks some webmarketers that could be my potential partners.
I'll talk about the idea of course and make them an ...
-1
votes
1answer
55 views
Importance of Business Networking in a Tech Company
Everybody seems to think the opposite, but does it really matters how well you are connected with others entrepreneurs, developers or VCs when you own a tech company?
It seems obvious that it helps ...
3
votes
3answers
218 views
Channel Partners : How to calculate their Cut/Commission
We are developing product which is SAAS based and is expected to launch by August 12. I am in the process of finding Channel partners/*.Partners, who would help me sell the product in respective ...
1
vote
1answer
290 views
How Claim Operating Expenses on Pass Through Multi-Partner LLC
The LLC has operating expenses (e.g., internet, phone, etc.). How are these passed through to the partners? Form 1065 ln 20 provides for Other Deductions such as these (I believe). However, Schedule K ...
2
votes
3answers
120 views
Protecting myself with a new business venture at the VP
I really need advice in how to protect myself with a new venture I took on.
In January 2011, I became an adviser and sat on the board to a beverage company as I taught the CEO about channel ...
0
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2answers
193 views
How to find people with business background to complete the team?
We are a very strong team technology-wise but little start-up/business experience on board. It would make an awful lot of sense to extend the team with someone who potentially has start-up experience ...
1
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0answers
85 views
Equity for a technical cofounder [duplicate]
Possible Duplicate:
Forming a new software startup, how do I allocate ownership fairly?
I'm a developer who has been in contact with a nontechnical cofounder to become the technical ...
1
vote
1answer
98 views
International Business Partner
I've finally found someone I wish to extend an offer to as a business partner and make him a part owner in the company, only he's international. The company is an LLC based in the USA and this ...
1
vote
3answers
237 views
What happens to equity as the company grows?
What happens when you start a company using Joel's Totally Fair Method to Divide Up The Ownership of Any Startup with two technical founders whose roles change over time?
Imagine the case where the ...
0
votes
1answer
429 views
How to convert a single member LLC into a LLC with multiple members?
I started as a single member LLC. I found some great partners. How do I add them into the LLC as members?
What needs to be signed between us, is there a specific document we should maintain?
Who ...
0
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2answers
152 views
I'm a designer, but need help. Where to find?
I run a business by myself as an HTML/CSS designer. I also do the graphics, the back-end, and customize scripts to fit my clients needs. I also have to draft contracts, keep track of accounts ...
1
vote
1answer
136 views
How to handle a leaving employee's shares
I have a question about what are the best exit options for employees that own shares in a company and want to leave after some time.
For example, let's say at the start of a company the first ...
0
votes
1answer
125 views
Inputs on partnership startup
I am planning to work as a partner in a startup along with my friend. Since he is a critical resource so he is taking a major chunk of the equity and holds the decision making power. I being a part ...
2
votes
1answer
71 views
Where do I start in finding partners?
I am looking for startup partners for a website and mobile application that is similiar to shopkick but with a different approach. How would I go about doing this I have alot of information as to how ...
2
votes
3answers
231 views
Where to find coders interested in a seeded start-up based in Italy?
We are 3 partners and friends based in Milan, Italy, who started a crowdsourcing site which allows academics to work on short-term assignments.
We launched in March of this year, and managed to get ...
5
votes
1answer
224 views
Problems with business partner
A little background first - I am a co-founder on a small software startup that was founded in 2009. I am the developer while my partner (who came up with the idea) handles the business side of things.
...
0
votes
1answer
82 views
Dividing an LLC and bringing more partners down the road
I have been developing a game for 3 years now. And recently, a friend has joined me to work on the game with me. By next year, we plan to bring along an artist and musician to help us finish the game.
...
7
votes
3answers
230 views
Role of Business Partner While Developer is Developing
So... in a startup... im the techie/developer of the business, my partner is the business side.
While, I'm developing this elaborate application... what should he be doing? What do business people do ...
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2answers
126 views
Dealing with passive “partner” in directive position
I'm somewhat of in a pinch and I'd appreciate your insight on how to solve things for the best. We've been operating like a company for about 1 year, and I say "like" because we haven't really got ...
1
vote
1answer
631 views
Questions around adding a member to my single-member LLC
First I'd like to thank everyone for the Q&A's on this board. I've already spend hours reading many posts here.
I'm a developer who started a sole-member LLC here in California for my mobile web ...
7
votes
8answers
567 views
Should give 20% of my start-up away to a high profile UX academic?
I'm in the process of registering a company for my start up. I've been developing the concept 60 hours a week for the past 6 months. I've attracted the interest of a high profile UX academic that ...
1
vote
1answer
171 views
Leave Seed Stage Startup - Partnership Issues
My partner and I started an online service. When we formed the idea for the company, we came out strong with a lot of energy, but it seems as if my partner's priorities are now elsewhere.
I'm the ...
0
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3answers
225 views
Building First Version of a Startup Website
So, I want to start an e-commerce startup. The problem is that I'm a designer (HTML, CSS, a little bit of Javascript, Photshop, Illustrator), not a programmer. So I can build a design from scratch, ...
1
vote
3answers
163 views
What are the immediate steps I should take when starting to bootstrap a new startup with a friend?
I just read through some of the other questions found on here regarding early steps to take when starting a new biz with a partner, but couldn't quite find what I was looking for. I've decided to ...
3
votes
5answers
189 views
Having a schedule for our startup?
I'm in a partnership with my brother, we decides to do a partnership together since we live in the same house and had the same schedule. We are running our business from home right now, making mobile ...
1
vote
5answers
341 views
Divorcing A Partner Without An Operating Agreement
Here's the scenario: Myself and 2 partners have been working on a project since January. Since we are all friends (mistake number 1) we orally agreed to split the future company's equity three ways ...
2
votes
3answers
206 views
Is hourly worth as a contractor the same as whatever you make at your day job?
I'm having a minor disagreement with a co-founder of a startup.
At our day jobs at software companies, he's a full-time employee and makes $40 an hour. I'm an intern at a different company and make ...
1
vote
1answer
74 views
Local or remote partner, tech or non tech partner
Have any of you got experience with a remote partner, did it work out, and can you share any tips or arguments for or against working with a remote partner?
I'm currently thinking about a very ...
2
votes
2answers
522 views
Paying Friend/Programmer/Developer to code Startup Website. Also give Percentage? How to keep Accountable?
I have an income and a website idea. I know nothing about programming. I have a friend who is a programmer, comp-sci major, and so to get my idea created into a website I am paying them an hourly wage ...
2
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2answers
118 views
Sales and Marketing Co-founder-Ivy League MBA or Industry Expert?
I am working on a software product, which is going to revolutionize a specific industry. I checked with couple of top guys in this industry and they are all impressed. It is a billion dollar problem. ...
