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4
votes
2answers
92 views

How do I prove that its all my IP

I'm involved in a deal where an industry organization is attempting to white label my software. Their Chairperson is a lawyer, so they are cautious on the legal stuff. They want to be absolutely sure ...
-1
votes
0answers
39 views

Comparing Investments: Selling land vs. starting a business [closed]

I have a situation where I need to compare some investing alternatives. We and my partners own a piece of land with high commercial value, that was bought 7 years ago. Now the real estate market ...
-1
votes
1answer
27 views

How to be a resource and asset to new start up software development in E-commerce? [closed]

Looking to be a resource and asset to new start up software development in E-commerce (online finance) / I have API for automated invoicing / registration / custom gateway / mobile etc... I think of ...
1
vote
2answers
63 views

Does equity stake truly affect voting position?

In this question, the original poster has a hidden question in: Giving up an equity stake puts me at a disadvantage from a voting perspective (or does it?) Can you structure it as a non-voting ...
0
votes
1answer
61 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
vote
1answer
95 views

Removing a bad partner?

Two month ago I've joined with two friends to build a startup. I came with the idea and we started working. Two weeks ago, the first partner left the project due to lack of time. The second partner is ...
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 ...
0
votes
0answers
10 views

Which partnership participation model use to focus on validation?

I want to begin a startup with keeping investment as low as possible to focus on multiple validation steps and survive as long as posible too in early steps. I know that profits will decrease in new ...
0
votes
1answer
29 views

Fairly Sharing Proprietorship of Software Product

I am currently working as a Software Developer with a company. As well, I provide solutions also to some clients part time. Recently I got an inquiry for a software product. I believe that the product ...
0
votes
1answer
36 views

Paying Overseas Project Partner

I am in the state of Montana, USA and have an app that my friend in the Netherlands and I built. I'm in charge of taking payments and I'm getting ready to send a payment his way. I'm wondering, what ...
0
votes
1answer
73 views

Setting up an Investment Company [closed]

I am looking to buy shares in a company whose shares are quite costly. (We're in the UK.) To keep things simple, let's say I'm looking to buy 1 share at a cost of £50,000. (These aren't the actual ...
4
votes
2answers
180 views

Co-Founder of Company wants to quit

I have a unique problem that I was hoping to get some clarity on. The Co-Founder of our business (in Canada) wants to end the business and get out. The company has been operating for 3 years and has ...
6
votes
3answers
197 views

Is a 50/50 equity split without 50/50 control a doable and wise thing?

I've found a great partner for my second tech startup, and want to structure this one better than the first, which made money but eventually got ugly due to poor choices my younger self made along the ...
1
vote
4answers
93 views

Verbal Partnership Agreement Binding?

I have a provisional patent for a product that I have been developing. I had a meeting last weekend with two individuals and we have verbally agreed to form a partnership. The partner who will be ...
2
votes
2answers
82 views

Reassessing a 50/50 partnership, help appreciated

I decided to I wanted to franchise a retail business and a colleague said they wanted to see the business plan. They loved it and believed in the work I had put in a decided they wanted to go into ...
0
votes
1answer
35 views

Initial Capital Contribution

Is a partnership made official when the operating agreement is signed or after all partners make the required initial capital contribution as outlined in the operating agreement?
1
vote
2answers
142 views

CEO didn't really function for a year+, steps down, but want to keep his equity minus a bit. Make sense?

We are 3 partners, working on a mobile / web startup for a year and 4 months. The CEO didn't put this startup as his #1 priority as he's involved in some other ventures. Apart from a meeting or a ...
5
votes
5answers
329 views

Partner leaving at an idea-stage start up

This question might sound dumb, but I'm at a complete loss of what to do. My friend and I discussed starting a web site business years ago. For about a year and a half, we met every other weekend ...
1
vote
2answers
105 views

Is it possible to start a self sustaining web design business with limited finances and experience? Do i need a partner?

I want to start a web design company, and ultimately a brand name. I am hoping to acquire skills, financing, and contacts simultaneously. Is this possible? Can one generate enough money with ...
1
vote
3answers
161 views

Do I need A Partner or a Team? Do I Keep The Company's Money?

I am a female programmer/software developer and basically a 'techpreneur'. I just finished work on a web app to provide advertising and marketing campaigns for companies. I coded everything from ...
0
votes
0answers
64 views

Percentage allocation for my startup reasonable?

I've developed a new product that I am going to be selling and putting on the market. I had been planning on funding everything with my own personal savings. I have a friend (Mike) who believes in the ...
0
votes
3answers
78 views

Partner with a friend who is non technical

Is it a good idea to get a friend on board who I trust and I know who can work hard but not very technical himself? He has got some good sales skills (not necessarily internet related). I am on the ...
0
votes
5answers
127 views

Partnering up with friends

I have a small internet marketing business that is growing nicely. I'm also a mobile developer on the side. I have a few app ideas I came up with, with a few different friends. Aside from my business, ...
0
votes
1answer
166 views

What percentage to give UI/UX designer co-founder? [duplicate]

This is a general question for company shares: My partner and I have an equal stake in our company. We want to bring in a designer since both of us suck at UI. We have one in mind. Since we own the ...
0
votes
2answers
48 views

Looking for the right web agency partner

I've started a small web development agency in Cambridge, Uk and I'm just to busy to handle all the work load...I feel like I'm missing out on potential work and I'm starting to drop the ball in some ...
2
votes
1answer
117 views

When is a business cofounder needed

I am technical founder right now of my own software startup. Right now, I'm developing the software and am seeking a business cofounder. I lack domain expertise in the various parts of the business ...
3
votes
3answers
281 views

How to protect myself from uncommitted co-founders

Two of us came together to work on an idea for a web startup. We end up killing the initial product and a third person joined. A new product is built and launched. It happens that I'm the technical ...
-1
votes
1answer
26 views

Business Entity for Partnership question, or Unincorporated Business?

I'm planning on registering for a reseller's permit and it's telling me to register for a business entity. Currently I have a friend who wants to start something with me. Is it a good idea to do the ...
0
votes
0answers
26 views

Can a cofounder on H1 B earn money from the company [duplicate]

Possible Duplicate: H1B co-founder for company that may not make profit for 3-4 years me and a friend are planning on investing money to come up with a company. I would not be working for ...
2
votes
2answers
152 views

Will my ex-partner have claim over my new business?

Background: My friend and I talked about building an application, saying this is the idea, let's see if we can develop something around it. After thinking about it for a few weeks it seemed not very ...
3
votes
2answers
79 views

How to split profits for children's business?

My daughters have started a bow-making business. One daughter is the crafty bow maker. The other is the outgoing marketer selling the bows to her friends and bringing in the orders. They are having ...
2
votes
1answer
59 views

What to consider when approaching a developer about a SaaS partnership opportunity?

First question and this is on behalf of a friend of mine. I'm a student developer, so I was hoping someone around here could provide some tangible insight. My friend is not new to starting a ...
2
votes
2answers
62 views

Co-inventor and Section 2870 of the California Labor Code

My partner and me developed a product, and the split is: I developed 97-98%, he developed the rest, the idea was conceived by both. He did his portion on his own time and equipment, and it uses ...
0
votes
0answers
31 views

Partnering with Developer, is it a good idea? [duplicate]

Possible Duplicate: Forming a new software startup, how do I allocate ownership fairly? I am planning to do an online business with a web developer. In the meantime, I own a site which is ...
4
votes
5answers
324 views

How to handle partners asking to renegotiate old partnership agreements

In The beginning Around one year ago we build a software company, we needed to quit our jobs, get financing, a product, legal work, accounting work, clients and partnerships with providers. we ...
0
votes
1answer
199 views

We are bootstrapping our startup, Is this a fair compensation offer? [duplicate]

Possible Duplicate: Forming a new software startup, how do I allocate ownership fairly? We have a team made up of four co-founders. Our equity split is: Co-founder #1 40% Co-founder #2 5% ...
2
votes
2answers
45 views

How can you partner with a complimentary company to assure prospects that someone will be able to support them if you go out of business?

We're a small SaaS provider for child welfare agencies and even though we have been in business for five years and offer one of the most robust case management solutions, we have a problem with ...
0
votes
0answers
13 views

What general terms should be in an agreement to market another company's product?

We are looking at potentially bringing to market a SaaS application from a company outside the U.S. It's a wonderful product that would benefit from our visibility, customer base, expertise, and more. ...
1
vote
1answer
80 views

Startup Partnership Structure Help!

I'm opening a gym with a friend, but I'm putting up all the funds. We've agreed to be "partners," but I don't know how to structure the ownership plan. I've considered offering him a low initial ...
7
votes
2answers
382 views

Partner (he's a Friend) Wishes to Resign from Startup Prematurely

I am seeking help in how to handle an underperforming partner / friend that is resigning from an early phase of a startup. Two friends and I began an equal partnership startup with the following ...
3
votes
4answers
285 views

To the Coders…what would you consider acceptable terms to join a new start up?

If you were approached by an idea guy (one with not much money), and lets say that the idea itself was an 8 to 10...what would you consider acceptable terms to join the start up? If you could give 2 ...
1
vote
1answer
118 views

Should I partner with shipping companies?

I am Starting an E-commerce marketplace , my website is under the design process as of now, at this stage should I approach shipping companies asking them to partner with us to provide fulfillment ...
0
votes
2answers
178 views

Full time and self employed in UK/EU? What do I do with VAT?

For quite some time I have managed to hold a well paid full time job and in the extra time do allot of other work. These are clients that are happy to pay me cash and take the VAT hit on their expense ...
0
votes
1answer
56 views

Public v. Private Limited Partnership in Illinois

I'm contemplating starting a LP in Illinois where I will be the general partner. I will seek to sell "units" in the LP to friends and family. The Starting Your Business in Illinois document says ...
0
votes
0answers
53 views

Partnership : Adding a new partner in start up for marketing and Branding exclusively for one region

we are a start up who deals in providing IT Solutions to education sector, we are 6 months old and technical team is building up product and website and marketing is on in 2 regions already ans we ...
1
vote
3answers
163 views

If I attend a hack-a-thon event to work on a prototype, how much ownership do I give up?

I was thinking about attending a hack-a-thon event to get help creating a prototype. I am a non technical founder and was told this route may be a good option. However, I just found out that you ...
0
votes
1answer
234 views

Can I keep 51% ownership/voting rights and split profits different?

I started a graphic design company about 3 years ago. I have been working from home all this time. i cannot keep up with all the work i have been getting. I have asked two of my friends to help me in ...
0
votes
1answer
109 views

Getting funding with an unorthodox team

We have three co-founders...all of us business men and business owners. None of us are programmers. We have decided that finding one more co-founder(a coder), would probably be the best move for us. ...
1
vote
1answer
618 views

Need some help on profit sharing of partnership

I'm starting a small online apparel business with a good friend. But I'm having trouble finalizing the partnership agreement. It is a little complicated for me now because we are both investors and ...
2
votes
3answers
452 views

How To Structure A Partnership

First I must say, this site is quite impressive. I found it while researching partnership agreements. That being said, I am nearing a fairly important conversation with my current partner to discuss ...

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