Should I hold my website via company or my name?
I am going to create a forum website and APP. This website is a meme forum, users can post funny images, gifs or videos on it. Also, users can comment to discuss the posts. All content is from users not f rom me. I think my website is kinda like Reddit or 9GAG. My website is not published yet, but I predict when I publish it, there are around 1000 impressions per day.
My question is that should I hold it via company? I am thinking of legal issue, as we know that a forum may cause some legal issues for example some users’ comments are defamation. I know this issue is not common and rare but when it happens, it will really bother me. Also holding via company needs a business banking account, this is also not easy to get. I guess it will take few months.
Holding via name is easy and costs less money. I think many websites are held via personal name at the beginning. Also I’m not rich and I’m working on it alone so registering a company is kind of burden for me but if it is necessary, I can still do it.
On the other hand, I would like to ask about monetisation, now google Adsense is not easy to get approval especially for image based website. My website is an image forum, do you guys think I can get the approval?
Thanks for your patient. This is my first time doing startup I hope you guys could give me some suggestions and I really appreciate that.
I've recently been in talks with a startup to work together in the future sometime soon. Sometime after I'd send my portfolio and resume, I had a phone interview with the ceo. The startup is mainly just him at the moment and whatever other connections he's made I guess.
He's taken interest in an app I created a while back. He would like to get the app to a point it becomes a brand. As someone who was not interested in profiting off the app initially, I just thought, why not.
He sent me a contract which we are going to amend of course. He wanted believes it would be a good idea for him to have 60% equity of profits generated from the product, while I get 40%.
My contribution thus for is having build 100% of the app which we see as a test version. At the moment he has not contributed anything yet. His role is to handle all the business stuff, connecting to important people, business plan, strategy, making business decision.
He's reasoning for him having 60% and me 40% is that:
- He believes someone should have the power to make decisions without having to await agreement from the partner.
- He also knows that I was never interested in the business side of things, which he also uses as reasoning as to why he should have majority(60%) so that I don't need to worry about any of the business stuff.
- He says he also wants to protect the product/company, as he doesn't want us to be bought out down the line, since he prefers we grow it and maintain the product to ourselves always, which I understand. I also don't not selling if we don't have to.
The thing is, is there a way I could agree to majority for myself instead, and not have to make the business at the end of the day, just so I can focus on technical(software) side of things?
Do any of you think I should agree to him having majority and a majority up 60%?
I have not seen any business plan nor strategies yet. I don't have any proof that he can market a product to a point that it becomes successful.
My only reasons for partnering with anyone:
- I don't know how to market anything.
- I don't have a business mind.
- I don't have the connections or know how to connect with business minds to invest in something.
I don't believe he has much worth showing he himself has these abilities, but it does seem he is working towards something, so I don't want to ride him off, and it's not like any big company would approach me anyway, unless maybe I was a big shot senior developer. The way I see it, in this world, people gotta ride with those on the same level. Big companies don't approach junior developers for their products/ideas, and senior devs don't ride with small startups I guess.
So I guess, I might as well ride with someone on the same level as me in their respective role.
I'd appreciate advice.
I have an idea for an app which I made a quick prototype in react/node before realizing that it would work much better as a mobile app. So I’ve been designing mobile screens to get the basic flow and information needed down, but it is looking very cold and theme-less. I think I want to reach out to some designers to hire someone to help bring the designs to life before I code them all up.
Before contacting designers though I thought I should have a game-plan. I was thinking I should finish my “cold” but practical designs, have some inspiration art, and a solid app pitch.
What else should I have before contacting designers?
What should I look for in a designer?
How can I make sure that I convey the idea that is in my head (and sort of in the current designs)? I’m worried that I’ll explain it to them, pay them and then get something totally different back.
Any other pitfalls or recommendations would be greatly appreciated.
Thanks in advance!
I’m 18 years old and own a construction business. (Might not seem like a start up but trust me the way I’m doing things it is 😂) The brother of a client I am working for approached me yesterday and said he’s impressed with my Business and the skills I have as an entrepreneur.
He said he’d like to discuss investing in my company.
I told him the amount I’ve been trying to save to take my business to the next level is £150,000 He said that amount of money wouldn’t be a problem.
Note: he did not say he wants to invest in my company, just that he’d like to discuss it further in the future.
What I want to know is, should I accept investment even if I’m most likely going to have that money in the nearish future? It should take me a year or two to get that money the way my operations are now.
And my second question is, if I decide to invest, how would I go about discussions etc. and what is the protocol?
What could I do to make receiving the investment more likely if discussions are to occur shortly?
Note: he does not know that I am 18, and I look around 23-24, so I don’t know if that would affect anything in the future.
Any help would be appreciated.
Thanks for your reply. In advance.
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I'm starting a indie game development company. Sometimes I see projects on Kickstarter being funded with just like 40k dollars. Between four people that's not even 10k a year.
I'm trying to avoid revenue share. I know about contractual kind of funding based on tasks completed but are there any resources to this or better methods for calculating and divvying funding to employees?
Thanks in advance!