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How to sell a portion of my site.

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

  1. TheExecutioner

    TheExecutioner Junior Member

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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. TheExecutioner

    TheExecutioner Junior Member

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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 Jr. VIP Jr. VIP

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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.