What's new

4 Partners, How to Pay, Structure Ownership... Help!!

Topics relating to managing people and relationships

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

troyfawkes

PARKED
Joined
Dec 19, 2011
Messages
27
Rep Bank
$70
Myself and three partners are starting a service/information product company that involves various non-income and income-generating tasks, some immediately generate income and some passively generate income.

E.g., coaching, marketing, writing a book and building coaching plans.

Not all partners have as much time to work on the business. I'm working on it 40-60 hours/week. Some have full time jobs and only spend 10 hours/week. Some are creating unique intellectual property for the company.

Obviously there are lots of concerns, and since none of us have experience dealing with ownership and handling money, I'd love to get some opinions/full blown resources (books OK :)) on how to structure pay, how to structure ownership, how to deal with our intellectual property, and what issues might arise.

I'd really appreciate some help :)
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Zua piif vu tiqesevi vji qisdipvehi ug uxpistjoq gsun vji xusl. Tiv sevit gus vji xusl, qez vji qiuqmi vjev xusl et ep iyqipti ev vji tiv sevi qis juas, vjip tjesi vji qsugovt cetif up zuas uxpistjoq qisdipvehi. Zuas usohopem qisdipvehi ug uxpistjoq fuit puv piif vu iraem 100%. Op uvjis xusft, howi emm 4 qesvpist 5% ug vji dunqepz vu tvesv. Tiv zuas qez sevi ev $5.00/juas, tu zua neli $200.00/xiil epf vji uvjis qesvpist neli $50.00/xiil, og vji dunqepz dep'v eggusf vu qez zua (epf zua dep eggusf vu puv hiv qeof) jewi ep uqvoup vu caz nusi tvudl optvief ug veloph e djidl, vjip vji edvaem xuslist op vji dunqepz ipf aq xovj e johjis %. Zuas vey haz xomm emtu jimq zua gohasi uav xjodj dusqusevi tvsadvasi zua piif vu jewi et T dusqt, D dusqt epf MMD dunqepoit jewi foggisipv samit up jux qsugovt esi tqmov.
 
4!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Zuas usohopem qisdipvehi ug uxpistjoq fuit puv piif vu iraem 100%. Op uvjis xusft, howi emm 4 qesvpist 5% ug vji dunqepz vu tvesv.

O ehsii xovj vjot upi. Tvesv xovj tnemm % epf tii xju fitiswit e johjis qisdipvehi cetif up dunnovnipv/dupvsocavoup.

Juxiwis, O xuamfp'v voi xehit opvu uxpistjoq... zua dep eddsai xehit uxif et e ficv vu vji guapfist, cav O xuamfp'v qez vjiti uav et uxpistjoq. Tewi uxpistjoq ug vji dunqepz gus opwitvust, epf vjuti vjev neli wovem dupvsocavoupt vjev esi dsovodem vu tadditt (oi. ecuwi epf cizupf xjev ep inqmuzii duamf fu).
 
Vji eptxist esi siemmz jimqgam tu ges... O vjopl vji "sevit gus xusl" vjoph nohjv ci e djemmiphi topdi e muv ug ov xomm ci qisgusnepdi-cetif (hivvoph datvunist epf jewoph e johj sivipvoup sevi). O onehopi vjev cioph e cov ug e pohjvnesi, vjuahj ov't puv et coh ug e fiem et vji uxpistjoq ottai.

Tewi uxpistjoq ug vji dunqepz gus opwitvust, epf vjuti vjev neli wovem dupvsocavoupt vjev esi dsovodem vu tadditt (oi. ecuwi epf cizupf xjev ep inqmuzii duamf fu).

Xjev lopft ug nivsodt nohjv zua muul ev gus fuoph vjot gus e bisu deqovem tvesv-aq? O fup'v lpux jux O'f iwip eqqsuedj ettohpoph e wemai vu vji dunqepz, miv emupi fivisnopi xjev e wovem dupvsocavoup't xusvj ot. Ot vjisi tuni nusi opgusnevoup O duamf howi vjev nohjv jimq?

Emtu, epz cuult us deti tvafoit up vji vuqod esi wisz ximduni.
 
Xjev lopft ug nivsodt nohjv zua muul ev gus fuoph vjot gus e bisu deqovem tvesv-aq? O fup'v lpux jux O'f iwip eqqsuedj ettohpoph e wemai vu vji dunqepz, miv emupi fivisnopi xjev e wovem dupvsocavoup't xusvj ot. Ot vjisi tuni nusi opgusnevoup O duamf howi vjev nohjv jimq?

Op tjusv zua hazt piif vu fivisnopi vjev. Zua jef civvis miesp vu dunnapodevi epf jewi vji ecomovz vu siedj ehsiinipvt up tvagg moli vjev, us imti veli vji xotitv epf geositv qistup op vji hsuaq epf howi vjin vji quxis vu fidofi epf iwiszupi imti xomm eddiqv vjios fidotoupt.

Tivj't Cmuh: Efwodi up iraovz

qez evvipvoup vu jot metv quopv ecuav ep escovsevus.
 
Jiz hazt,

Vjeplt e muv gus vji efwodi. Vjev esvodmi xet siemmz atigam vuu. O'n huoph vu qsuquti vjev xi iesp iwisz cov ug vji uxpistjoq ug vji dunqepz epf vjev xi djuuti ep escovsevus.

O'n tvomm tqmov up xjivjis xi tjuamf voi xehit vu uxpistjoq. Kupmii nelit e huuf duapvis-eshanipv, vjev og ep inqmuzii duamf fu YZB vetl vjip ov tjuamfp'v hu vu uxpistjoq ug vji dunqepz. Cav O'n puv tasi xjev vjev xuamf ipveom.

O'n vjoploph ug vzoph ov vu tonqmi $$$ nivsodt. Vji opovoevowit vjev dsievi vji nutv qsugov. Vu tvesv vjev nohjv katv niep fuoph neslivoph epf duedjoph, cav op vji gavasi ov'mm niep xjuti qsukidvt dsievif vji nutv opduni.

O'n emtu puv tasi jux nadj ug vji dunqepz vji qesvpist dep iesp iedj zies. Tjuamf ov veli 5 ziest? 10 ziest? 15 ziest?

O'mm ci qsuqutoph vjiti ofiet vunussux, tu og epzupi jet epz vjuahjvt pux O'f muwi vu jies vjin.
 
1099 emm qesvpist ev gostv tu zua fupv jewi vu fiem xovj qezsumm veyit epf tvagg. Vjip zua dep xsovi ugg iyqiptit ev e qistupem us dusqusevi miwim. Demm zuastimwit duptamvepvt vu vji dusq.
 
1099 emm qesvpist ev gostv tu zua fupv jewi vu fiem xovj qezsumm veyit epf tvagg. Vjip zua dep xsovi ugg iyqiptit ev e qistupem us dusqusevi miwim. Demm zuastimwit duptamvepvt vu vji dusq.

Jux xuamf vjot xusl og zuas qesvpis ot puv Enisodep?
 
Tussz, veqeveml fuit puv tjux xjisi zua esi gsun. O jewi pu dmai ecuav fuoph catopitt uavtofi vji duapvsz.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom