Legal Question in Business Law in California

contract negotiation

what kind of percentage of a company should I negotiate as a partner/founder of a new internet startup, given that my partner is the financial backer and is paying my salary. If he's the money and I put in the work to run the company, what are the going rates for percentage of profits or percentage of stock offerings?


Asked on 5/08/00, 1:09 am

1 Answer from Attorneys
Francis Doherty Doherty Georgeson & Kerley LLP

Re: contract negotiation

There is no such thing as a going rate. You must reach agreement with your partner. It is absolutely necessary to reach agreement before you start business together. The longer you wait the more difficult negotiation will become. Rule: Assess the situation and be fair to your partner.

Francis X Dohery

415 421-8890

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Answered on 6/22/00, 12:02 pm


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