Hot answers tagged corporate-structure
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Make a point to document and get into legal contracts if necessary as much as possible up front. There should be provisions to reevaluate everything in the future.
Decide how responsibilities are divided
Evaulate if everyone is meeting expectations of time, expertise and performance.
Come up with a tie-breaker system. Maybe those with expertise in that ...
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If you retain full control of the LLC this is more advantageous from the point of view that you have complete control of the LLC.
On the other hand if they do not have ownership and have their own corporation or LLC then all of their relationships would likely be owned by their LLC, so it might make sense for you to negotiate a partnership with them.
It's ...
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There are a number of devices that exist to solve these sorts of problems. You need to talk to a lawyer practicing in this area in the jurisdiction where you are incorporating.
Options include requiring all votes to be unanimous (forces you all to get along from the start), favourable buy-out/drag-along/tag-along/russian roulette terms (allowing disaffected ...
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The best way to start a relationship between co-founders is to have a shareholders agreement which decides the basic framework within which the founders will operate. The agreement can also state up front the decisions which will a unanimous vote of all founders, which will ensure that decisions are taken in the interest of of all parties. A business plan ...
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Personally, I would solve this using a business plan. I've been in situations where of the 2-4 founders, each of us had a unique skill set, and by setting up a business plan, we could focus the business goals and at a hight level, keep ourselves on the same page. A decent business plan with future planning (1, 6, 12, 24 and 60 month planning, more abstract ...
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Obtaining a federal trademark registration is a function of using the mark on goods in commerce and does not depend on who (which type of entity) owns the mark.
Fictitious business names (DBAs) frequently are used for the purpose you are considering.
Businesses in L.A. require a business license.
New businesses typically require an EIN, a bank account and ...
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