I am starting a new llc. My partner's role is largely to provide contacts, some capital and to consult. The rest is on me.
How do I determine the stake each of us has? Is it only determined by the amount of money each contributes at the creation of the business or can responsibilities be considered?
Is the only way to have an 80% stake to provide 80% of the initial capital?
How do I determine the stake each of us has? Is it only determined by the amount of money each contributes at the creation of the business or can responsibilities be considered?
Is the only way to have an 80% stake to provide 80% of the initial capital?
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