Tuesday, August 9, 2011
Setting up an LLC/Corporation?
I am looking to set up an LLC/Corporation with a friend/business partner. I have done almost all of the preliminary work and the idea is mine. I have brought the idea up with him and he likes it. He is primarily funding the venture, however, he is looking for a title and position as well-probably other than partner. How do I give him a title/prestigious position in the company where he feels needed, such as CEO/President, etc., without giving up control of my business idea. His ideas will be welcome, as will our other workers, however, by no means do I want this to be 50/50 or my business partner to have more control over decisions etc. than myself. Thanks
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