Partner Questions

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...

LLC Partner Founders Agreement Partnerships

asked Apr 23 '13 at 03:07

Dragonman
120 points

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...

Partner Partnerships

asked Aug 17 '11 at 10:57

Beachrunnerjoe
319 points

What's the difference between GPs and LPs at VC firms? Is one better to try to approach than the other when trying to raise money from their firm?

Partner Venture Capital Money

asked May 16 '14 at 13:12

Terri Hale
2 points

I have an opportunity to build a software with a subscription model with my partner who is the domain expert. We found a consulting company who is willing to due the whole development and...

Software Partner Development Equity Consulting

asked Oct 22 '13 at 16:14

Adam
1 point

I am starting a two person partnership. We are offering a service at 500.00 a month per client, the operating costs are 150 per month per client. We will be giving salesmen 20% (100) leaving approx...

Sales Partner Partnership

asked Oct 24 '13 at 14:19

Michael Nesmith
1 point

When is it optimal to include other people in a startup (including a co-founder)? Currently, I've talked to people about the project to validate the idea however I have this thought that it makes...

Partner

asked Aug 31 '13 at 09:23

Paul Konova
13 points

I was approached by a freelancer i have worked before with to work together as a company. I would be interested in partnering with him. But need some advice on how to get into this partnership. My...

Partner Equity Partnerships

asked Jun 19 '13 at 16:04

Anshul
1 point

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%...

Partner Investment Partnerships

asked May 2 '13 at 04:11

Rasheeda
65 points

I just launched my business which I have been developing for about a year. And in less than 2 months the business already has about 12 dedicated clients and we have made sales and refilled our...

Partner Equity

asked Apr 23 '13 at 01:18

Rasheeda
65 points

I have been given an offer to join as a partner for an existing startup as the technical owner, and am not sure what is fair in terms of equity. The current owner has the connections and...

Partner Equity Partnership

asked Apr 24 '13 at 08:43

Guest215
6 points

We are a start-up working on a few projects and trying to build some strategic products alongside. This is a 3 member partnership setup with a development team of about 15 people. One person, let's...

Management Partner

asked Mar 5 '13 at 13:28

Muthu
159 points

A few friends and I have started building small apps and WordPress plugins in our spare time, and I'm wondering what would be the best business structure (LLC, S-Corp, etc) as I think it's almost...

LLC Partner Equity Part Time S Corp

asked Feb 20 '13 at 06:14

Jeremiah Prummer
441 points

So, you have a S-Corporation with profits, there's an ownership dispute with a court date in May, after the filing date of March 15th. Should the S-Corporation file an extension? So normally,...

Partner Tax Distribution Profit Sharing

asked Jan 13 '13 at 12:54

N L
18 points

I live in Athens, Greece. I have an idea that is really simple to do. It just needs a blog, a twitter account and a facebook page for support. The problem is that i don't have the time to work for...

Ideas Partner Partnership

asked Dec 18 '12 at 20:53

Kostas
9 points

I am starting a business with my partner. The company does marketing related services. Initially, it was assumed that the company is going to be 50/50 between the both of us. However, recently I...

Partner

asked Nov 16 '12 at 03:36

James
11 points

My business partner and I have formed a partnership, we are in the process of drafting our partnership agreement. One of the points that he wants on there is: If one of the partners leaves they...

Co-Founder Partner Shares Profit Sharing

asked Sep 1 '12 at 03:02

Ryan Murphy
108 points

I am involved in a startup and one of our minority partners (owns 15%, vested 25% of that 15% with the rest over the next two years) is not meeting his side of the agreement. I think we have the...

Partner Equity Founders Agreement

asked Aug 17 '12 at 06:04

Steve
11 points

Background: I am a developer with a SaaS product that is bringing in revenue, but not enough to pay a sales person's salary (yet). The company shouldn't need outside funding. The product is...

Sales Partner Equity Saas Business Development

asked Aug 27 '12 at 07:11

Nw Architect
136 points

We have a company that has three business partners (all of us are liable for whatever happens in the company). One of the partners is temporarily leaving the company as he can't fulfill his duties...

Partner Legal Founders Agreement Agreements

asked Aug 29 '12 at 18:37

Kraken
16 points

We are contemplating a start-up with 2 main founders, who will put cash in and work in the business, and 2 angel investors who will only put in cash. The way we want the ownership to work out...

Partner Entrepreneurs Stock Options

asked Aug 6 '12 at 03:20

Stringfellow
18 points