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03 - Raising Capital Funding Options for Small Businesses

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Old 04-26-2010, 02:09 AM
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Mgirl Mgirl is offline
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Default Start-up Capital and the division of "ownership"?

Dear Small Business Forum Members,

I'd like to enquire about start-up capital and division of decision making power and ownership.

I am currently in partnership with somebody else, but am afraid that i will have to put up 100% of the start up capital.

If i do this, how would i work in an equal "decision making" partner?

I really want to keep him on board as we work really well together and i've finally found somebody i can trust.

Whilst i understand i am taking on all of the financial risk, what sort of business structure could i use to make sure he still gets equal decision making power (i would have the final say of course, due to financial input)?

I don't really want to pay him a wage - he is quite happy to work on the idea.

Any thoughts?

If worst comes to worst, i might have to ask him to take out a small loan.

Please be as honest as possible, but my main question is about start-up capital and the division of "ownership" (along with decision making power)...

Thank you kindly
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