To be specific here... I believe Dana is referring to a "General Partnership" which is a legal entity, wheras you could be financially (or legally) responsible for anything the partner does, whether or not it is related to the business. A "General partnership" is different than two (or more) people incorporating a company and refering to themselves as partners.
Is that correct Dana? I would be very particular about anyone I went into a "general partnership" with. Most bands are handled that way, though. At 05:01 PM 10/16/2005, you wrote: > As an aside, you are saying patnership, but you are really a corporation, >right? You *really* don't want to go into a partnership. > > Dana > > On 10/16/05, Jeffry Houser <[EMAIL PROTECTED]> wrote: > > > > 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. > > > > > > > > -- > > 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> > > > > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Purchase Captivate from House of Fusion, a Macromedia Authorized Affiliate and support the CF community. http://www.houseoffusion.com/banners/view.cfm?bannerid=52 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:177151 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=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
