3 ms·
Definitely get a lawyer . . . y agree with smt88, C corp is prob. overkill and could introduce tax issues go LLC first. I would just have each of you track wh
by saluki 10y ago
Definitely get a lawyer . . .
y agree with smt88, C corp is prob. overkill and could introduce tax issues go LLC first.
I would just have each of you track what you invest as expenses for the LLC, then get reimbursed once you are profitable and keep your 50/50 ownership split.
The two of you should be able to make decisions together, I expect one of you are handling marketing and one technical anyway so you can probably defer decisions in those areas to each other.
Good luck.