short answer: dont do it unless you consult with your lawyer or 1000% trust that person. Its COMPLICATED. no matter what kind of corp you end up incorporating,

short answer: dont do it unless you consult with your lawyer or 1000% trust that person. Its COMPLICATED. no matter what kind of corp you end up incorporating, what kind of shares/options you get, you can very easily end up with nothing if this guys is more experienced than you.