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0
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1answer
189 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 ...
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2answers
125 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 ...
8
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8answers
588 views

Would you go into business with someone without an agreement in place?

Would you go into business with someone who has asked you to come on board and help to get things launched, but has not yet decided how to compensate you, or whether to give you part ownership of the ...
0
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2answers
45 views

Minority share holder/ advice wanted

I have a business partner who has contributed 15% of the total or our small business, but will be contibuting around 40-50% of the workload. He will also gain 100% profits for his own work which will ...
0
votes
1answer
578 views

What is the difference between a Business Partner and Co-Founder?

Maybe it's just semantics, but I am putting the word out that my biz will benefit from either. We have pushed a product off the shelf and are starting to acquire customers, yet the effort has grown ...
3
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3answers
106 views

When/How Often Do Startups Join Together?

I asked this on my blog, but then realized this would be a good forum for discussions so am asking here as well: How Often Do Startups Join Together? In talking to and mentoring dozens of startups ...
2
votes
2answers
554 views

Is sleeping partner considered as investor?

My partner and i are from different countries (1) My partner will fund the startup idea (2) I will be the working partner and the idea will be executed in my home country Please give your advice on ...
0
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4answers
60 views

How can I get public business information regarding a small company?

I would like to verify the claims a small business is making, regarding ownership. How can I research this and see if they are making false claims, or misrepresenting the real nature of their ...
0
votes
1answer
79 views

Who is an account holder in IT firms: a partner or an employee?

While I used to work with software firms. I have seen few guys who comes in to picture very rarely during important phase of projects meetings who are called as Account holders for that project. Does ...
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3answers
498 views

How many companies or LLCs exist where at least one of the partners did not put up capital to receive equity in the LLC?

How many companies or LLCs exist where at least one of the partners did not put up capital to receive equity in the LLC? For example, in an online business one partner may pay all of the bills while ...
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 ...
3
votes
2answers
185 views

Where to find mentors/advisors for garage stage startup company?

I have an idea related to healthcare communications and am trying to find mentors/advisors who would be willing to guide my partner and I towards success. I live in Silicon Valley. I was wondering ...
0
votes
1answer
170 views

Pay a lawyer to convert partnership to LLC or do it myself?

I recently started a partnership (4 months ago) and now I want to convert it over to an LLC. We are starting to generate profit and we would like the limited liability protection. I've been thinking ...
0
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2answers
119 views

How to negotiate exclusive deals/offers to my site's members?

I would like to have a directory of companies that have exclusive deals/offers to my site's members (based on vouchers and coupons). So, basically I would have to contact companies and ask them if ...
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
3answers
216 views

Lead Generation as a Business partner.

A bit of background…. I have worked for IT consulting firms (B2B) for the past 8 years. More recently with Firms that are business a partners with major vendors. I have held just about every ...
3
votes
1answer
353 views

Fair to ask for anti-dilution when I have a lot less equity than my partners?

I'm leaving an extremely well paying job, one that I'm even fairly happy with, for a startup that I think will do really well. It's been a difficult choice because I have a family and a mortgage. ...
1
vote
3answers
167 views

Valuation Of Non-Existing Product/Business

Out of a team of three, two of us have decided that we need to part ways with the third partner. We want to buy her out, but we are struggling to value our venture and, therefore, don't have a clue as ...
2
votes
2answers
78 views

Need a bank partnership for my website…any suggestions?

Im starting a website however my site is dependant on the use of a financial institution to serve as place where members can deposit money for future use. Does anyone have any suggestions on the best ...
1
vote
2answers
305 views

90 days and $XXK to get to the finish line?

This is a related question to another post I made here: Partnership agreement advice -- I have the idea & ops, he has the marketing investment and industry exp. But here's a critical issue that I ...
1
vote
1answer
356 views

Partnership agreement advice — I have the idea & ops, he has the marketing investment and industry exp

I successfully pitched a player in an industry about a business idea that offers a novel approach to creating leads in his industry. He presently runs a company that I'll call a "provider of services" ...
3
votes
3answers
363 views

partnership percentages

I am a Product designer with 25 years in the field. I also have an extensive array of skill sets as well as facility. Computerized Milling, Engineering and Development software as well as Rapid ...
1
vote
3answers
131 views

Developer IP and personal Coding

My friend and I recently started our own service company. Since we have no technical background, we found a development guy to join our team. We ended up filing for an LLC two months afterwards (we ...
1
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3answers
315 views

How much ownership/equity if any do I give a relative that wants to be a part of my start up?

I discussed an idea for a business with my mother and sister. They both thought it was a wonderful idea and said they would help with sales. We did not discuss compensation (probably because they both ...
1
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1answer
144 views

Seeking Google+ Development Partner

Does anyone know of or have contacts for any companies that have products centered around Google’s APIs? We’re looking to potentially partner with a company on a product for Google+ and specifically ...
1
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2answers
2k views

How much percentage an investor ideally deserve?

Last year we started a software firm, we have managed to build a good technical team and do a couple of projects which helped us hang around. Recently we had an offer from one of the investor to ...
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4answers
376 views

How much should a technical cofounder be paid?

I have the following skillset: xhtml, js, jquery, css, php, C#, asp.net, mysql, oracle, etc. I would be the tech. co-founder of a startup with 2 other co-founder (business end) and be the sole ...
1
vote
3answers
97 views

I need partnership advice & Wisdom from those of you in partnerships

I have two questions about partnership. If I get a partner that has experience in the business world and the industry and little or no cash maybe $15k-10k, for a new service I’m starting up. What ...
1
vote
1answer
203 views

Bringing on equal partner after starting solely bootstrapped?

I came up with an idea for a startup, and after trying to start other ventures with non-paid partners I knew the only way to get this done right was to hire a developer straight up to code the ...
1
vote
3answers
490 views

Is this a fair partnership proposal?

I am the technical founder of a software product, the product is finished with good inputs from at least 6 to be customers. My to be Sales partner who is already helping me from the past 4 weeks ...
2
votes
1answer
184 views

Co-founder equity for a Beta software product

I am adding a Sales and Marketing co-founder for my start up. The product is already developed and we have 3 unpaid customers so far (Private Beta). My co-founder will work full time on this venture ...
2
votes
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. ...
1
vote
1answer
84 views

Best place to find partners?

I know this question has already been asked in many ways, but I'm looking for a more general answer. I'd like to know which is the best place to find technical people to work with. Has anybody out ...
2
votes
2answers
390 views

What is a fair equity share for four months of part-time work as an iphone app developer at an early stage startup?

I am being offered a 0.6% share in an early stage startup for being the lead iOS developer(probably the only iOS developer).The concept is good and the team consists of some smart people too.My only ...
0
votes
1answer
69 views

Tactful removal of partners

In the past, I have worked on many different projects with groups of people ranging in size from 2 to 10. These projects have always flopped due to numerous issues, but one issue that has always been ...
2
votes
4answers
473 views

How to structure business relationship with a partner company/sales channel

We've recently started a service based software start-up. We've developed a relationship with a company that sells software licenses such that they market us as their "software development ...
1
vote
3answers
395 views

Can an LLP be formed as a wholly owned subsidiary of a UK company?

I'm currently researching how to go about creating a US subsidiary of a UK company. One of the people involved in the business wondered if it would be possible to use an LLP to do business in the US. ...
1
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3answers
359 views

LLP Shareholders Agreement Does it Exist? - UK

I have been asked to work with a small startup who say they will offer me a 15% share of their LLP for my expertise. However as far as I am aware an LLP does not have a shareholders agreement and can ...
1
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5answers
701 views

Is it legal to show an album on a Youtube Video?

Im currently working on a channel on Yt which does album reviews and I've gone from just speaking to do it in person on webcam and I am hoping at some point to go for a Yt partnership as I've always ...
2
votes
6answers
236 views

Not getting responses from potential partners

Hi i have fired off quite a few emails to different potential partners i.e media partners and companies, but the success rate in terms of replies or dialogue is quite low, what should the next step ...
1
vote
6answers
210 views

What would be the appropriate share?

I'm a software developer in a East European country working for a tiny software firm with only few developers. Our owner is also our manager; he lives in the North America and makes arrangements and ...
1
vote
1answer
63 views

Best form of business for partner with conditional ownership?

Currently, I have an s-corp and I am the only member of the entire corporation. However, I will soon be bringing on a partner on board. Now, say my company sells 10 products. When I bring my partner ...
10
votes
1answer
3k views

49/51 vs 50/50 Equity Split

What are the advantages and disadvantages of dividing equity 49/51 vs 50/50 between partners? Edit: 51/49 feels wrong, but there may be some startup cases where it is good if you are the majority ...
2
votes
3answers
1k views

Co-founders unequal shares but how about initial capital injection?

Currently I'm working on a project together with 1 co-founder and soon we are going to incorporate a company. We agreed that I get 70% shares and he gets 30% . The reason is because I started the ...
2
votes
2answers
282 views

Considering a partner

I'm considering looking for a partner for my small startup, I've got an established (very small) base of users on my site, and I think the next step might be to scale up. There are a lot of ...
1
vote
2answers
271 views

When a reseller is in the middle who signs software license Agreement?

I am licensing my software to my software distributor reseller. My reseller wants to use my license agreement that should be signed between us and Licensee. Does that make sense? If it does then how ...
2
votes
3answers
86 views

In B2B situations what do you clients mean when they ask to partner with you?

We have had a range of clients ask something like the following, we are looking for someone to partner with ... How do you see this being different from a straight Client/Supplier style relationship? ...
13
votes
5answers
943 views

When to drop a co-founder?

There are some excellent posts on how to select a co-founder and what qualities you should look for. I firmly believe in 'try it out', and have been for about 5 months. In that time I've also come ...
1
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4answers
385 views

Is having a technical partner better than an in-house software development team?

I am starting my own IT consultancy and have a good product in mind, but I also want to be the one controlling my own project. I have a few questions Who has the rights over your software project? ...
2
votes
4answers
318 views

One-man startup wondering if I should recruit help, and the smart way to go about it

I'm looking to start a website to supplement my day gig. I have the ideas, funds, and skills to do pretty much everything by myself, except for the front-end design. I plan to own the site under my ...