On the equity division issue, if its bothering you, then you need to let him know that and negotiate a compromise. If you can't do compromise on that issue, you

On the equity division issue, if its bothering you, then you need to let him know that and negotiate a compromise. If you can't do compromise on that issue, you probably won't be able to compromise on much, and thats a bad recipe for starting a company together. I would also suggest nailing down an exact number, the "lion's share" isn't exactly accurate. As far as majority control, I'm a big fan on someone having majority control to prevent deadlock. But with minority protections built in. You can have one person with majority control, but at the same time require two votes to make certain decisions, like selling, buying another company, changing compensation, changing the operating agreement, etc. That way, even though one partner has more equity, that can't completely screw the other one over.