The partnerships tag has no wiki summary.
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.
...
4
votes
2answers
94 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
64 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 ...
-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 ...
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
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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?
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 ...
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
1answer
63 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 ...
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 ...
1
vote
1answer
100 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 ...
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
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
83 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
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 ...
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 ...
3
votes
5answers
654 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
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 ...
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
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, ...
1
vote
5answers
341 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
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 ...
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 ...
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 ...
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 ...
-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
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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
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 ...
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 ...
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 ...
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
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
votes
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 ...
1
vote
1answer
52 views
How can we leverage a good design idea in the apparel space?
Some friends and I have come up with a unique design idea in the apparel space. This is NOT our core competency, but we've presented the idea publicly, and gotten extremely positive responses.
I ...
2
votes
2answers
131 views
What is the compensation for time/technical expertise other than equity in a start-up?
I am an Audiologist and have started a couple of clinics with a friend. He already owns a full-time clinic and now we have started two visiting sites of that permanent site. I have left my job and ...
1
vote
1answer
86 views
How can this be an equal partnership?
I have a business.I met someone for a completely different reason, but we got along so well and we eventually started talking about starting another business (like the one I already have,but as ...
2
votes
3answers
227 views
How much is groupthink an advantage for the early founding years of a startup?
Well, recently I had a chat with my current boss over my previous experience of getting booted out from a startup due to having different views from the 2 founders (they were very gd friends and ...
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%
...
