So, then, this is not a theoretical question at all?

  I thought company ownership defined in the incorporation records?  It 
sounds to me like you are one your way to serious trouble.  Generally, I 
would have had some form of written "partner agreement" in place before 
incorporating the company.

  That said, it sounds (from other posts you've made) that you are both in 
the company 50/50.  You brought to table "web experience" and he brought to 
the table "management experience".  I don't think that one should have more 
weight than the other.

At 09:01 AM 10/16/2005, you wrote:
>Subject: Starting a new company, apportioning shares
>From: Vivec <[EMAIL PROTECTED]>
>Date: Sat, 15 Oct 2005 18:00:35 -0400
>Thread: 
>http://www.houseoffusion.com/cf_lists/index.cfm/method=messages&threadid=19015&forumid=5#177139
>
>WEll, there were several negotiations etc. and initial client meetings.
>Things like agreements, client meetings, liasing with clients etc. and
>selecting partners for the job we did together more or less equally.
>
>The shares is in the company as a whole. There is currently no capital
>that needs to be provided to get this first project off the ground as
>there is an advance payment that should more or less cover expenses.
>
>We've already signed everything re: the company directors, we are both
>directors on the company's incorporation records.It's just the shares
>that need to be worked out at this point.



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