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Joint Venturing and running a business

Discussion in 'Business & Tax Advice' started by twotones, Apr 21, 2011.

  1. twotones

    twotones Registered Member

    Joined:
    Jan 26, 2009
    Messages:
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    Occupation:
    Welder
    Location:
    in Misery
    I came across a very lucrative business opportunity and I am planning on taking it up. I need to know how to go about this venture because the person is going to create the software and then I'll be marketing it to the public.

    My questions:

    Do I set a LLC or a C Corp?

    If I set it up, how would we title ourselves and pay ourselves?

    When setting up the business, do I fund the bank account or do we both?

    Several questions but I know there are a lot of JV's going on but wondering the best way to set it up so we are both secure and getting our fair share.
     
  2. twotones

    twotones Registered Member

    Joined:
    Jan 26, 2009
    Messages:
    57
    Likes Received:
    3
    Occupation:
    Welder
    Location:
    in Misery
    Anyone here helpful?