There are too many variables to tell, but I doubt you deserve 80% of the shares in the company for bringing in the first client.
What did each one of you bring to the business? What was your pre-arranged agreement? When you say "shares" are you talking about profit from this specific job? Or equity in the company? Generally, I would decide equity stake of each partner before going into business with anyone. For example, If he has been supporting you for first 6 months while you wrote a business plan and started the sales and marketing, maybe he should have the higher stake? ( Since he brought in capital, while you brought in experience). Maybe you brought in the experience and the equity. If so, whey did you get a partner at all? You should have just hire a general manager flat out. Since we're speaking hypothetically, there are some thoughts. As an aside, I've never worked with a [small] company that had company cars. Maybe as a start-up you want to use your personal cars and reimburse yourself for the mileage. At 05:01 PM 10/15/2005, you wrote: >Subject: Starting a new company, apportioning shares >From: Vivec <[EMAIL PROTECTED]> >Date: Sat, 15 Oct 2005 15:51:59 -0400 >Thread: >http://www.houseoffusion.com/cf_lists/index.cfm/method=messages&threadid=19015&forumid=5#177135 > >Hello, > >Let's take this hypothetical situation. >I'm starting a new company with one other person, a web development company. >I'm a web developer and the other person is a General Manager. > >We're going to hire about 2 programmers, and 2 designers to start >with, have offices, cars, salaries etc. the works, a full and proper >company. > >We've reached the point of apportioning shares to each partner. > >Is it fair, because it is a web development company and I'm the web >developer, to give myself 80% of the shares? Without me there would be >no company, and it's my work as web developer that's going into the >company in the first place, and our first large job we got because of >me. > >So...what do you all think? -- Jeffry Houser, Software Developer, Writer, Songwriter, Recording Engineer AIM: Reboog711 | Phone: 1-203-379-0773 -- My Company: <http://www.dot-com-it.com> My Books: <http://www.instantcoldfusion.com> My Recording Studio: <http://www.fcfstudios.com> Connecticut Macromedia User Group: <http://www.ctmug.com> Now Blogging at <http://www.jeffryhouser.com> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:177137 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
