How to sell a portion of my site.

Discussion in 'Making Money' started by BeastMoney, Feb 22, 2017.

  1. BeastMoney

    BeastMoney Jr. VIP Jr. VIP

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    Hey guys,

    I have a website with a partner and I want to split it with him so he owns 20% of the site.

    He lives in a different country though.

    Legally speaking how can I make him own 20% of my site?
     
  2. propipper

    propipper Junior Member

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    Is it just a website or a business? Are you talking about 20% revenue split?

    You can both create LLCs (or other business types) and have an agreement between the 2 businesses. I know you can't spill out a lot of details but there are a lot of different factors to consider.
     
  3. BeastMoney

    BeastMoney Jr. VIP Jr. VIP

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    Yep it's just a website and not an actual business.

    It's just a 20% revenue split since he helped with the site.

    I want to make it official. We haven't got an LLC for this site. It's just an Amazon niche site that he helped me with.
     
  4. nanavlad

    nanavlad Elite Member

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    Sign a contract that gives him 20% get a notary sign the agreement..
    That wll make it official.


    But in the end it all comes down to trust.
     
  5. uncutu

    uncutu Elite Member

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    You can set up a link rotator so it shows your link 80% of the time.
    There's the lazy option of you just sending him a paycheck of 20% of what you earn every pay period...but you may regret it come tax season when they bill you for x% of 100% but you really only made 80%.
     
  6. Spintent

    Spintent Junior Member

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    Maybe you should consult an attorney to write up some terms for you if you're not really sure. A web property just like real estate is major ownership and you want to feel confident that you know exactly what you're doing.