Even at 51% be sure that the contract contains the following:
- that you get 51% of the voting and decision making.
- How everyone exits.
- What are their responsibilities.
- What about a stale-mate - How is that handled?
You probably have a lawyer with you who specializes in corporate or
contract law, right?
Good luck!
Peter @ RAD-INFO, Inc.
(813) 963-5884
Rick Smith wrote:
Oh, I've been in the partnership thing, got screwed, and was lucky
enough to
figure out how to negotiate for 100% ownership of the company that I built
and my deadbeat partner didn't help with.
So, now here I stand, smarter for the experience, but also looking at
a pool
of vultures ready to hand me money but wanting 75% equity. lol. yah.
Came out of meetings today with a whole bunch better group of people,
and my
stance is to never own less than 51%. At least this group respected that.
Thanks
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