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Yes, I've made LLCs with friends primarily in a profit sharing capacity according to work done as contractors, ie if the company got a client, the ones who work
by satvikpendem 2y ago
Yes, I've made LLCs with friends primarily in a profit sharing capacity according to work done as contractors, ie if the company got a client, the ones who worked on that particular project get a split of the profits after company expenses were taken into account.
I've also made and worked on some fully open source projects where the entire stack was open. I don't believe in those source avaliable licenses because you either believe in your abilities on the business side or you don't; if someone can take the exact same product and market it way better, then you honestly deserve to go out of business.
- connectsnk 2y agoCan you elaborate more on how the expense split maths worked? Also why would the contractor wish to keep getting the business through the coop. Once they have the business, isnt it in their interest to make a direct deal for the next instalment of work?
- moralestapia 2y agoA lot of people on both sides are scared of the "direct deal" situation whereas in practice it is extremely uncommon. When was the last time you asked a Uber employee for their phone number?
- connectsnk 2y agouber is not repeat business. Some platforms with repeat business like upwork see this a lot
- moralestapia 2y agoI don't think that applies. A lot of people user Uber everyday. Not everyone uses Upwork more than once.
- satvikpendem 2y agoBecause we're all friends and we only split the money for the projects that we all worked on, projects that need, say, #X engineers, #Y designers etc, and so we split the funds. If anyone gets their own contract, by all means, they can get paid directly, but usually companies might hire us as a team.