I have a business idea, pitch and domain name that has been accepted by a company to take forward. The deal they are looking for are: 1. I pay 4k upfront 2. We have a 80/20 split in my favor until I recover my 4k 3. After that we run at 50/50 split of revenue 4. We have joint ownership of the company (50/50 split) Is this normal? Should I be willing to give up...

Continue reading about Should I give up 50% of my business to get my idea implemented?

Dave, we're trying to figure out, should we set up our business as an LLC or S-Corp? In particular, an LLC Corporation instead of an LLC partnership, though we have heard from a few people that a partnership LLC is best. What's the difference and what works best with three -- unequal ownership -- founders?...

Continue reading about Should our startup be an LLC or an S-Corp Corporation?

I just launched a new company with two of my pals and we're already arguing about job titles. I want to be "CEO" but they're saying that makes no sense because we should be peers and our titles should reflect the equality of our positions in the firm. It's kind of a goofy thing to argue about, but we're rather stuck....

Continue reading about Help! What should my job title be?