Questions regarding businesses incorporated as partnerships.
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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 ...
2
votes
3answers
39 views
If someone is investing money as terms of a partnership is that money to be repaid as a loan?
My brother had an idea for a business and asked me to be his partner. His idea was for me to have 20% ownership and he has 80%. He is going to fund the business (at most $20,000) and believes that I ...
2
votes
2answers
62 views
Ending a partnership--how to handle the loan
I would like to end my parternship (50-50 ownership split) but continue to own and operate our Company.
My partner has loaned (formally, in our operating contract) the Company $10k. Along the way, ...
1
vote
2answers
128 views
Who owns the programming in a disolving partnership?
I am a 50/50 owner in a small dissolving LLC. To this partnership I brought my software and through the course of several years continued to develop it. In the partnership agreement there is nothing ...
2
votes
1answer
96 views
Can I form a partnership if one of the partners is out-of-country?
I am a Canadian software developer who is currently harbouring an open-source project that I am currently working on with one other person, who lives in Chile.
Eventually I want to turn the ...
1
vote
2answers
105 views
Approached About Partnership
I am a software developer and for the past 4-5 years I've worked part-time on an application related to fantasy sports. I enjoy toying with the marketing side of things but I focus mainly on writing ...
2
votes
2answers
105 views
Software Contributions to a LLC Partnership
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 ...
0
votes
1answer
51 views
How do I ask help and search people for contribution for my git/open source project
I am basically involved in wordpress site development but a self starter for rails. I want to transform my idea into a rail app and I am contributing it on git(at a very initial level this time), but ...
1
vote
2answers
86 views
SEEKING FOR START-UP FUNDING [closed]
I am an entrepreneur in Zimbabwe, Africa seeking for funding to start up an import business of mobbile phones and accessories in our country from China and Dubai. How can i easily get a partner or ...
-1
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3answers
185 views
How to fire my Partner
I started a company in August of 2012 signing up 25 customers as a separate part of a corporation I have had since 2010 and brought in a partner in September. The partner did not put in any money but ...
0
votes
1answer
99 views
How to utilize your friends as your first employee
I am working on a Startup where in I am developing some Web and Mobile Applications.Now, all the monetary investment as well as development is done by me. I once learned that friends are our best ...
2
votes
2answers
114 views
Profitable existing business with Single owner - offering me Partnership & Equity to help it grow - My negotiation should be?
The owner has an online business which brings in a high $xx,xxx in profits (nearing 6 figures) with minimal costs (hosting, etc). Owner is looking to start fresh with an LLC setup and a partnership ...
1
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
votes
1answer
130 views
What should be the role of other person I involve in Startup given my scenario
What shall be the role of the person I am involving in launching my start-up(about to register and launch), As initially I see me and him performing project management part of it(as implementation ...
4
votes
2answers
95 views
What about property that was solely owned prior to the partnership?
Thinking about dissolving a partnership - while the business idea is solid I have no doubt I can recreate the product, under another name, and be just as successful.
However, one of the main things ...
1
vote
2answers
76 views
General Partnership? Limited Partnership? Or
I am in the early stages of bootstrapping a startup. The product is a cloud-based service for businesses within a very specific industry. I have worked as a UX & UI developer and design freelancer ...
2
votes
3answers
207 views
Should I bring on a friend as co-founder of my website?
I'm starting a niche social networking site so far by myself. It's my idea, and these are my contributions so far.
Research and purchase domain names
Brainstorm entire site concept, much of the ...
2
votes
2answers
95 views
How does “Limited Liability” of LLP work?
Owners of corporations (private or public) are liable only to stocks they own. Creditors can't claim company debt from personal assets of owners because there's stock to distinguish from personal ...
0
votes
1answer
62 views
LLC in Arizona with an Investor in California $800 franchise fee?
I have an LLC in Arizona (a technology company). The business is physically located in AZ.
However, I have an investor from California who is willing to invest some money ~4K for 50% stake in the ...
0
votes
1answer
51 views
California general partnership between minors
My friends and I have created an Android game that is free but has ads to generate revenue. For the purposes of taxation, we wish to create a general partnership in California, but we are all minors ...
1
vote
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 ...
2
votes
2answers
115 views
Partnership split
I'm developer. I had an idea for a company, came up with a name and everything, and decided to bring in a business development partner. The responsibilities for him were: 1. do business operations, ...
0
votes
2answers
207 views
Help demystifying partnership pass-through taxation
Situation
I am in the process of deciding which type of taxation to choose for my LLC. Up until this point I was leaning towards Partnership taxation because that is what LLC For Dummies was ...
0
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2answers
83 views
Is a P45 required to be sent
I am currently employed by my parents' company. As a tax saving option, they have decided to make me a partner. Does this mean I have to file a P45?
3
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4answers
227 views
Partnership Gone Bad
For the past 6 months or so I have been working on a project with 2 partners. Here's the breakdown:
Partner 1: Finance, marketing, sales, legal
Partner 2: Product dev, design, branding
Me: Tech, ...
2
votes
2answers
150 views
Bringing in co-founder after launch
I have been bootstrapping for 1.5 years, coding part-time while keeping my full time job. I have also invested some 10k into my project.
Now, the workload seems to pile up over time, and I know I ...
0
votes
0answers
56 views
Looking for specific suggestion regarding company shares [duplicate]
Possible Duplicate:
Forming a new software startup, how do I allocate ownership fairly?
I just want to say that I've read a lot of threads regarding this subject, including the most popular ...
2
votes
5answers
417 views
how to present ideas to a possible future partner without getting them 'stolen'?
I am planning into getting involved in a venture in an asian country.
I have a friend from this country that has an experience in the kind of business I want to be involved in and that has “ built “ ...
0
votes
3answers
204 views
Partnership Question
I know there are tons of partnership questions, so I hope it's ok to add another one to the mix.
I have been bootstrapped my own software product for the last year while still having a day job. The ...
0
votes
1answer
359 views
How to split shares of a company [duplicate]
Possible Duplicate:
Forming a new software startup, how do I allocate ownership fairly?
How to Divide Up Your Company's Equity
We are three people who want to embark on a new venture.
...
2
votes
3answers
163 views
Asking a company to be a tech partner
I have been on a fruitless search for a technical partner to help me build a web startup. In the meantime, I went ahead and had the MVP built by an offshore company. They've done a pretty good job, ...
3
votes
4answers
677 views
Equity for a part-time founder?
I'm a co-founder of a new startup with two other partners. I'm a designer and they are a developer and biz dev guy respectively. We are in the initial prototyping phase for the project and will be ...
1
vote
2answers
119 views
What assurance can I have in case a startup fails?
I am a coder and have very little in-depth business knowledge. I was recently approached about joining a very promising startup with a great idea. Only problem is that they were unfunded and would ...
3
votes
1answer
107 views
Need to establish legal entity for business partnership or is signed agreement enough?
I'm thinking about entering into a business partnership with someone. The work product will be a revenue-generating web-based service. We plan to both sign a legal business partnership document, ...
2
votes
2answers
48 views
Venues to reach/hire freelancers cross-country
I'm a design agency who does client-work through freelancers, and I'm looking to hire/partner with people in other states and work with them remotely to expand my reach to cross-country. Think ...
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.
...
0
votes
1answer
190 views
Splitting up a partnership
I been running a startup as a partnership since April of this year, my partner and I have slowly but surely gotten to the point where we can not work together anymore. I believe if we continue to work ...
0
votes
3answers
439 views
How to decide on a fair partnership model between two partners for a startup?
I and a friend are looking at a start up for a web product. He has come up with an idea and was looking at assembling a team in India for developing a prototype for the product. He is based in Europe ...
1
vote
1answer
65 views
Is it possible to get equity in a US startup working from a foreign country and if so what are the things to consider
Recently I'm thinking to partner with someone in US and work on ideas turning into potential businesses. I'm a developer and based out of India. I'd like to work for equity but – I don't know whether ...
2
votes
8answers
1k views
20% equity and CTO. (Story and details). Is this fair?
This is a long exposition.
Please bear with me, I think that I need to provide as much specifics as possible, while keeping it as short as possible. Thanks for reading, any feedback is much ...
3
votes
1answer
190 views
my non-working partner blocks the sale of the company
My partner and I started the company 7 years ago. Organically grown, After 2 years he left to his home country in the pretext of developing and helping me. While I managed everything here, he was ...
2
votes
1answer
404 views
Invented a lighter to replace smoking lighters, how to start up without capital or experience?
Great site! I need help.
I am a heavy smoker. Few months ago I invented 3 vaporization devices, made prototypes and started vaporizing instead of smoking.
I use the devices vaporize tobacco in the ...
2
votes
2answers
372 views
How to (not) move ahead with my cofounder
I need some advice on how to handle the current situation with my co-founder. I am not happy working with him, we haven't signed any contracts or agreements, and he has put in a lot of hours over the ...
0
votes
1answer
69 views
cloud accounting online hosting
Run an accounting firm in nigeria,but looking for a technical partner that we can work with to as serve as a value added resseller and be able to link with its hosting server.Needing more insight on ...
0
votes
1answer
98 views
Software based on a book: What are good revenue sharing options with the author?
We're making apps based on a book. We have approached the author and he has agreed to let us use the trademark and help us promote them in exchange for revenue share. The revenue comes from affiliate ...
0
votes
2answers
215 views
Equity sharing over an iphone app
I have an idea for an iphone app. I want to develop this app. I took an iphone class and tried to develop this app. However, I soon realized you have to be very good to develop a really good app. So I ...
1
vote
2answers
694 views
How should the profits be shared?
Imagine a scenario where two people set up a business. They contribute 50-50 in terms of investment. They split profit between them. Over time, only one of the partner now works for the business. How ...
0
votes
2answers
173 views
Are partnership payments divided up before or after expenses are deducted?
I recently started an llc with a partner..50/50. We both work on client, the money goes into the business account, and the expenses come out of the business account. We have set it up so that what ...
4
votes
2answers
133 views
I am a US citizen and want to become a partner in a friend's UK startup
I am a US citizen and want to become a partner in a friend's UK startup, helping her start a branch office in the US. What is the best way to proceed with this? What forms need to be filled out?
3
votes
3answers
1k views
Question on Partnership + Revenue Sharing
I founded a business about a year ago, and recently decided to take it in a new direction. Same name and premise, yet slightly different business model. I founded the company as a sole ...
