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2answers
2k views

LLC for virtual company with members in multiple states

I am starting up a small business software company with a friend who happens to live in another state (I am in MA, he is in IL). We are planning on creating an LLC for liability protection, and are ...
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1answer
63 views

Question on Bundling with Major Hardware Manufacturer

I have been approached by a Global Hardware Manufacturer wanting to "partner" with my company and bundle my software with their products. My questions: 1.) If I need to make changes to the software ...
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4answers
478 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 ...
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2answers
74 views

Potential liability in guaging the interest of potential partners?

I am nearing readiness to launch a site for which I am looking to bring on a couple of SMEs (existing market participants) as sweat equity partners. I am drafting a letter to gauge the interest of ...
2
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4answers
154 views

A special form of partnership

I have discussed the following partnership model with a person who could like to become partner with my in my company. We discuss a range of scenarios that the business could run into. One of these ...
1
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1answer
605 views

How to define startup Partnerships norms?

I need your suggestion on below scenario. I am planning to venture into one internet startup. Its a niche domain. I have worked in the domain and understand the domain well. I have studied the ...
2
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2answers
112 views

What to say when contacting a potential partner for the first time?

I am trying to use LinkedIn to contact people that work for potential partner companies to resell my software. Can you offer any advice on what to say to gain information from them? Would it be ...
2
votes
2answers
296 views

Partnership agreement in asymetric situation

After a trial period we are trying to formalize an agreement for our partnership. The two other partners are domain experts in the field for several years and I am the technology guy doing all the ...
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3answers
156 views

A special kind of merger

I am negotiating a deal and I really need some advice on the pros and cons of the deal that has been suggested to me. I have a startup company with radically innovative technology. I want to merge ...
4
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3answers
214 views

Outside work while in a startup

I am currently in a startup with a partner, and we have 50/50 ownership. Things are going fine, but like all startups it is taking some time to get everything going. We don't have any revenue now, ...
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3answers
352 views

Bootstrapped Startup - What Legal Forms to Put In place

I am looking for a co-founder now for a project that would love to get up and running. As an initial formality are there any documents out there that can outline in basic terms what each person is ...
3
votes
1answer
159 views

How to best make use of large corporate “partnership”?

Let's say a small software company has a product which can help several very large key players within the industry sell far more of their products. Let us also assume that these corporate giants have ...
4
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3answers
3k views

Multi-Member LLC - question setting up my EIN

Thanks in advance for any help answering this question. I have already set up a multi-member LLC in New York State. I attempted to register for an EIN as an LLC but was told by the IRS that I would ...
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4answers
5k views

how should we divide shares for our startup?

I and couple of friends are starting a startup. We want to know if there is any algorithm or a method exist about how should we divide our shares? Please help.
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9answers
744 views

Start up needs advice on getting customer B2B

I am founder of an online mobile marketing company that sends text coupons and promotions to cell phones. Our customers are local small businesses who wants to send their coupons and promotion to ...
4
votes
3answers
247 views

Brainstorming the idea of Strategic Alliances

I'm reflecting on the ideas of businesses partnering with other businesses who are targeting the same audience. The idea would be to "partner together" and help promote one another. eg. Business A ...
2
votes
2answers
762 views

startup partner - part-time full-time - how to split?

I am working on my startup. I am working on part-time and using all my spare time to work on it ( Thanks to Dharmesh. I watched your one of the video in which you mentioned that you still code till ...
2
votes
3answers
294 views

How to hookup with possible partners?

I have always been an interested is starting and running my own business. I have built small websites basically for the fun of it, never intending them to get large. I run my own company now but my ...
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9answers
2k views

What makes a great business partner?

So the question is pretty basic, what are good qualities in a business partner? As a young freelancer I want to expand my business into a much larger company and I know I will likely need to partner ...
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8answers
596 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 ...
5
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8answers
328 views

Making partnerships successful

Who can offer some insight into what makes a successful partner? It seams easy to get into the right conversation but difficult to get the right activities initiated.
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4answers
284 views

What are the pitfalls of incorporating *after* launching a new website with partner(s)?

A friend and I are working on a website which we hope to launch before the end of the year. We would like to put off the actual incorporation for as long as possible (legal, accounting, & other ...

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