network profile
| bio | website | |
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| location | ||
| age | ||
| visits | member for | 3 years, 1 month |
| seen | 4 hours ago | |
| stats | profile views | 822 |
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Apr 18 |
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How do I prove my finances to a partner? My partner is afraid I will not give him his full cut Tell that dude to get real. If YOU handle the finances, there is no way to have a mechanism that can not be manipulated. Simple like that - reality sucks, but it is as it is. You have access to the system, you can manipulate it. He does not want that - you don't handle money or have no system access. Simple like that. |
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Apr 18 |
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How do I prove my finances to a partner? My partner is afraid I will not give him his full cut It is not only feasible, it is the only way. There is no magical solution that will make sure someone does not fake the books when handing out commissions. The original request is very naive to start with (the one from the partner, not from the poster). |
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Apr 18 |
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Getting started with an LLC On top, determinig ownership should be a non-issue. There SHOULD ALREADY be an agreement about that. Normally this should all be decided, regardless of the legal form. |
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Apr 17 |
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How to handle the money with a new start up No and no - your personal income is income, follow the laws, and no, if you have office space, then (a) you surely do not use all your appartement as such and (b) that would be rental income you get from the company. |
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Apr 17 |
answered | What Does An Investor Do with Their Money Once an Agreement is Made |
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Apr 16 |
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Dealing with a string of business Failures? Is there a time to get a job and drop the dream? Please define "born entrepeneur". Fascination about businesses + extremely bad business sense is not exactly my definition of born entrepeneur. At least one should have stuck somehow. The idea of stepping back, taking a time out and THINK how you can solve this discrepancy is most likely the most valuable advice down there. |
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Apr 16 |
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How useful is the Dun & Bradstreet business credit rating? On top - check whether it is relevant at ll. Runnin ga business 6 years, have 1 house bank and my private bank and no sorry, I have NO interest in taking a freaking high loan for anything. |
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Apr 16 |
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Does one man startup require signing any legal documents? Possibly - otoh some juristidciotns still may require you to follow some regulations, at least in the information you publish. But yes, free web app is a lot more doable. |
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Apr 16 |
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Does one man startup require signing any legal documents? Ah, no - it is also for common sense. If you are registered you ahve no problem claiming backs sales tax etc. and you can hold yourself out as business whoever yout talk to. Many companies do not deal with end users. The restriction is less how ignorant peopele run illegal businesses, but how long it takes to be legal. I rarely spent significant money on that - and never used more than a day or two of my time to get registration done whenter I needed. This includes a number of former communist countries. |
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Apr 16 |
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Does one man startup require signing any legal documents? Can you define that country? I mean, i did businesses in many parts of the world (poland the last years, US many years ago, greece many years agom, albania short after the fall of communism) and it never took me more than a week to sort out paperwork ;) |
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Apr 16 |
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Does one man startup require signing any legal documents? Actually at least in most of europe he is not a startup without legal entity but may be an unlicensed business which the finance divisions of the government REALLY love. See, all the fines when they find out he runs a business without registration. REALLY nice. And the fun when a case order comes (shut down NOW until you sort out the paperwork). |
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Apr 16 |
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Does one man startup require signing any legal documents? Maybe, maybe not. Doable for a blog or something - not doable for an online shop because you can not write invoices. Depends totally on what the website does. If it is feasible, this is doable. |
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Apr 16 |
answered | Does one man startup require signing any legal documents? |
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Apr 14 |
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cofounder - she's not leaving He could, but then it could be seen as defrauding, especially when the new corp "borrows" elements from the old - stuff like customer data, prospect data, current financial planning, code, all trade secrets of the origincal company. Best way to get hit into a major criminal (!) lawsuit (investment fraud). |
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Apr 14 |
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cofounder - she's not leaving And be prepared for her to take a lawyer when you dilute here ;) Seriously - you have NO right to ask for the shares back first place. She stalls you, and rightly so. |
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Apr 13 |
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Is It Ethical to Poach Customers Stupid question - but how CAN you contact your competitors customers? How you know all their information? Some reference - ok, they may be on the website - but all? |
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Apr 13 |
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Partnership Gone Bad Well, seriously, I CAN SUE YOU FOR HAVING THAT CODE. That does not mean I am right or can win - but everyone can sue anyone for everything in the US, and you still have to spend time and money for defenses. Per action means that all the emails etc. constitute a contract. If you have a corp - who has stuff now? Ownership of an incorporated entity can not be undefined per definition. If you did not define anything, it normally is - everyone equal shares. If you agreed by email on something, then this is what it is. |
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Apr 13 |
answered | Partnership Gone Bad |
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Apr 12 |
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How to take on a bankrupt client? Ah, no, that is not how it works. If the liquidator or whoever manages it properly does it, there is no "bankruptcy protection", it is a normal "solvent" business (the liquiator can use cash to pay this invoice, for exmaple when he needs to ship goods to sell, the shipping company gets paid in full - only OLD creditors are likely loosing money |
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Apr 12 |
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How to take on a bankrupt client? Exactly. Good news - if that is done properly, then FOR YOU there is no problem - your invoices go ahead of the bankrupty proceedings. THis is becausse if you shut down a company, the liquidator sometimes needs services, so he has to be able to pay them. So, if done properly, you deal with a normal "non bankrupt" client for your invoices. |
