Hello. I am soon to sign a business contract between me and 3 other people. We are 4 people in together working towards a goal, develop a mob app. 2 guys take 20% each, and 2 other take 40% each. I am in the 40%. What are some points to consider when signing the contract between all? Like, voting democracy , 1 person 2 votes, 1 person 2 votes, one person 4 votes, one person 4 votes, and the decision with majority votes gets compelted? What about in terms of an outside funding scenario, when there is an investor approaching, what to consider here, between all 4 partners? What other important to consider and discuss when signing a document about creating a digital product, each getting certain of share, majority of votes with, who meets the investor.
I am mainly concerned when meeting an investor, before signing the contract, I want to make sure I must always be present with every outside source of interest, fx (investor).
your math looks funny, you will fail tremendously
>inb4 not sure what real democracy means
>inb4 by always be present I mean - always be present when others discuss the matter of the enterprise I am having shares at.
>inb4 1 person 1 vote, 1 person 1 vote, 2 person 4 votes, 1 person 2 votes.
I can practically smell the curry in this post
DESIGNATED
Lol OP what the fuck are you doing
Get married to your friend for tax breaks and then take half of his shit in court after the divorce.
>>1136182
40% + 40% + 20% + 20% = GET AN ACCOUNTANT NOW OR A LAWYER LATER
Ou, and by the way, I am not an Indian, I am neighbouring mother russia.
One thing that particularly stroke my head was the fact that we are going to acquire e-mail addresses and, probably, phone numbers. It is going to be stored on a database. Can anyone have access to it? Can anyone use it for marketing purposes? Who owns them? How to be save nobody uses them for their own good?
>regarding the contract signing deal for the initial agreements when developing our product.
I hope you guys give the full 120%
>inb4 120% meme
>>1136214
>>1136182
Contact a lawyer, or some sort of financial legal adviser and ask them to look at the contract. Which is presume is on paper?
40% of what? Shares? revenue? Is the business a partnership or
cooperation?
Hire a fucking accountant.
Voting? what the fuck. Are you smoking crack?
One person is in charge, the other 3 are board members or directors. End of
>Hello, Pajeet Burinder. How would you like to divide your company?
>GIB ME THE FORTY FORTY TWENTY TWENTY
>>1136242
xaxaxa
