The Golden Mean
PARKED
- Joined
- Mar 29, 2015
- Messages
- 1
Rep Bank
$40
$40
Hi Guys,
I'm looking for information regarding the best type of agreement/legal structure when creating a side branch business with an existing business.
An opportunity has arisen for me to partner with an existing company in developing an e-learning side to their business offering certified online training programs.
When analyzing the possibility using the "N-E-C-S-T" assessment, it looks good though I am unsure about the "C" -control aspect of things.
Our arrangement would be to go 50/50 in this business but I don't understand what the best structure is legally. I don't own any part of the existing company, and want to make sure even though our agreement states 50% of the revenue made goes to me, I have a level of control and cant suddenly become superfluous to its needs.
Advice would be much appreciated thanks!
I'm looking for information regarding the best type of agreement/legal structure when creating a side branch business with an existing business.
An opportunity has arisen for me to partner with an existing company in developing an e-learning side to their business offering certified online training programs.
When analyzing the possibility using the "N-E-C-S-T" assessment, it looks good though I am unsure about the "C" -control aspect of things.
Our arrangement would be to go 50/50 in this business but I don't understand what the best structure is legally. I don't own any part of the existing company, and want to make sure even though our agreement states 50% of the revenue made goes to me, I have a level of control and cant suddenly become superfluous to its needs.
Advice would be much appreciated thanks!
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