Originally posted by northernladuk
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Selling software, any good, affordable solicitor you can recommend?
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Originally posted by osterfelder View PostThis is exactly why I need legal advice
That's business advice.
Anything under 50% and you don't control the business.
Anything over 80% and the other party has even greater control. The details elude me but you might as well have nothing if less than 20%.
If it's your product you should be demanding 51% and no less.
Or you could own the product yourself and license it to the new company. You could potentially have clauses that say if he boots you out, or dilutes your shares, then license is revoked. For that you WILL need legal advice.Last edited by Lance; 30 May 2019, 13:08.See You Next TuesdayComment
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Originally posted by Lance View Postthat's not legal advice though.
That's business advice.
Anything under 50% and you don't control the business.
Anything over 80% and the other party has even greater control. The details elude me but you might as well have nothing if less than 20%.
If it's your product you should be demanding 51% and no less.
Or you could own the product yourself and license it to the new company. You could potentially have clauses that say if he boots you out, or dilutes your shares, then license is revoked. For that you WILL need legal advice.Comment
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Originally posted by Old Greg View PostThere is certainly a 'magic' no. around 20%. The problem with 10% is that new shares get issued to the majority stakeholder diluting your %.See You Next TuesdayComment
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