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4answers
294 views

How to find reliable business partners

I've been trying to get involved, get my name out there, and network with fellow local entrepreneurs in my area. I am a 22 year old developer/designer, student and entrepreneur at heart. From what ...
2
votes
4answers
1k views

How to take a draw in a multi-member LLC?

My business partner and I are forming an LLC. As I understand, members of an LLC are not employees and therefore are not on payroll. Instead they pay themselves by taking a draw from the LLC funds. ...
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1answer
21 views

How do I reach decision makers to offer partnership/ barter?

I have already sent dozens of partnership suggestions and got 0 reply. My workflow: Get the list of the websites of companies that might be interested in my offer. Look for ...
1
vote
1answer
69 views

What kind of partnership can i offer to a programmer?

I'm working on a start up project that'll offer a video based product. The product will be distributed via the web, so i need a programmer to develop the website for it If you look at the project as ...
6
votes
1answer
249 views

Profit sharing in a startup: offered 20% of profit

I've been offered 20% of the profit of a new startup if I build the website (which is essential to the business). What types of things should I look for in the agreement that is to be drawn up?
0
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1answer
59 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 ...
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1answer
51 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?
2
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2answers
323 views

How do I pay back a investor who only invested $1500?

I came up with an invention 4yrs ago and just recently took it to invent tech to get help making it. My husband drew out the sketch for me. When I took it to Invent Tech they told me it would cost 945 ...
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 ...
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0answers
16 views

joining a startup, question about equity [duplicate]

(also posted on The Workplace) A friend of mine (no tech bg, but lots of business xp) is planning to found a startup and has invited me to be the CTO. I have some background working in IT and in ...
0
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0answers
10 views

How much equity to give non-tech partner in a startup? [duplicate]

I have a startup idea I'm working on. I came up with the idea and will be coding it from the ground up and basically doing all of the work. However, the startup would be operating in a legal arena and ...
1
vote
1answer
55 views

Joining a startup as GM, I have doubts about the offer..

I have been asked to join an e-commerce startup as General Manager. The current partners are just partially active, but with strong connections in the specific market and backup by VC. The business ...
2
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3answers
484 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 ...
0
votes
1answer
75 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 ...
4
votes
2answers
229 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
vote
2answers
86 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
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
84 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
117 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
39 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 ...
1
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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
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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 ...
5
votes
5answers
336 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 ...
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 ...
4
votes
2answers
189 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 ...
0
votes
1answer
173 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 ...
1
vote
2answers
106 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 ...
6
votes
3answers
212 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 ...
0
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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 ...
1
vote
4answers
109 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
84 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 ...
1
vote
2answers
145 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 ...
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 ...
3
votes
5answers
674 views

How do I find good developers to join a start-up on a low-budget

Im located in Minneapolis,Mn. Im starting up an online business here in U.S with market focus in Africa.Im building an e-commerce (auction) site for the growing African savvy internet users. I am ...
0
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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 ...
2
votes
4answers
106 views

Would there be any issues with an overseas technical partner?

I have a developer from overseas I have been using for several months, we have a good relationship. I am thinking of bringing him on as the technical partner. Do you think there would be any issues in ...
0
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5answers
128 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, ...
1
vote
5answers
347 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 ...
3
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3answers
288 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 ...
2
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1answer
119 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 ...
2
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2answers
64 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 ...
3
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2answers
80 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 ...
-1
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1answer
27 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
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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
156 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 ...
2
votes
1answer
61 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 ...
7
votes
2answers
392 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 ...
4
votes
5answers
331 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
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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 ...
16
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3answers
2k views

Are we about to be shafted by a Corporate Shark?

My husband went into business with a gentleman who seemed to be very clued up (he's an accountant). He has numerous other businesses and was able to open doors that we would never have had access to ...

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