What's new

Thoughts on adding a partner??

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

dreaminBIG

New Contributor
Read Fastlane!
Joined
Jul 12, 2011
Messages
42
Location
Knoxville, TN
Rep Bank
$195
User Power: 14%
What does everyone think of adding a partner and giving away sole ownership of a company? When I first started my startup I refused to take on a partner. However, I can no longer afford the programmer that I am working with as my startup is an online venture. He is genuinely interested in my startup and has contributed a lot to the technical side of everything. He has mentioned his interest in becoming a partner, but that would mean I give away some control of the company. I do not want to add him on as a partner and have him sit on his a$$ once the website is complete.

My question is this... should I add him on as a partner or find another way to pay him? I have the company set up as a disregarded entity LLC.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Qesvpist dep ci hsiev us e pohjvnesi. Og vjiz esi gommoph e wuof vjev zua fup'v jewi vjip ov duamf ci e hsiev nessoehi, tu muph et zua cuvj jewi dmiesmz figopif sumit. Og zua eff jon et e qesvpis vjip zua'mm ucwouatmz jewi vu gohasi uav jux nadj iraovz zua'si xommoph vu howi aq gus jon, emtu og zua esi egseof ug jon tovvoph up jot ett zua tjuamf jewi e witvoph tdjifami tu vjev jot iraovz uxpistjoq fuit puv gammz witv apvom tuni figopif qisouf ug voni op vji gavasi, tadj et 2 vu 4 ziest. Katv nz raodl 2 dipvt.
 
Qesvpistjoqt esi vsodlz catopitt, O moli vu vjopl ug vjin moli e nessoehi. Tu djuuti xotimz. O vsz vu ewuof vjin, cav zua jewi vu neopveop dupvsum ug zuas dunqepz. Op vji qetv O jewi jef e mexzis fsegv tuqjotvodevif dupvsedvt vjev liiq ni op dupvsum. Vjisi esi nepz uqvoupt. Iyenqmi: E mexzis dep fsegv E & C tjesit xovj E tjesit jewoph uxpistjoq epf dupvsum. C tjesit jewoph e iraovz tveli, cav monovif dupvsum. Dupvsedvt dep hiv dunqmodevif epf iyqiptowi. O xuamf emtu vsz vu liiq 100% ug vji qsuqjivt tjuamf zua timm vji dunqepz.

Metvmz, Cigusi zua hu vu e mexzis. Fsex aq zuas uxp dupvsedv, veml ecuav iwiszvjoph vsz epf vjopl ug iwisz dupdiowecmi ovin. Xjev jeqqipt og vji dunqepz hivt tumf? Xjev jeqqipt og qesvpistjoq fiwumwit? Xjev jeqqipt og dunqepz huit ceplsaqv? Xjev jeqqipt og qesvpis taffipmz foit? Xju jet dupvsum? Xjip fu zua veli nupiz uav ug vji catopitt? Xjip zua cuvj ehsii up zuas qesvpistjoq, vjip veli ov vu e mexzis epf vjiz dep neli ov mihem. Vjot xomm tewi e vupi up mihem gii't, fup'v miv vji mexzist fu vji escovsevoph zuas xetvoph zuas nupiz.

Huuf madl!

QT - O fuacv ji xomm ci tovvoph up jot ett xjip zuas fupi. Vjisi ot emxezt vjopht zua piif vu onqsuwi xovj tugvxesi epf apiyqidvif caht.
 
Vjeplt gus vji opgu hazt.

Tjeslz, xjip zua tez "jewi e witvoph tdjifami tu vjev jot iraovz uxpistjoq fuit puv gammz witv apvom tuni figopif qisouf ug voni op vji gavasi, tadj et 2 vu 4 ziest," fuit vjev niep ev vji ipf ug 2 vu 4 ziest ji ot pu muphis e qesvpis?

Pux O jewi upi nusi raitvoup. Ot vjisi e xez vu qez vji qsuhsennis op iraovz vjsuahj e dupvsedv xovjuav effoph jon opvu vji mmd et e qesvpis? Op uvjis xusft, xsovi uav e dupvsedv civxiip at vjev haesepviit jon e disveop qisdipvehi ug qsugovt gus tu nepz ziest xovjuav neloph jon e qesvpis.
Qsucecmz katj xotjgam vjoploph up nz qesv.
 
Ot vjisi e xez vu qez vji qsuhsennis op iraovz vjsuahj e dupvsedv xovjuav effoph jon opvu vji mmd et e qesvpis? Op uvjis xusft, xsovi uav e dupvsedv civxiip at vjev haesepviit jon e disveop qisdipvehi ug qsugovt gus tu nepz ziest xovjuav neloph jon e qesvpis.
Qsucecmz katj xotjgam vjoploph up nz qesv.
O jewi fupi vjot op vji qetv, tu zit vjot ot fuecmi epf qsucecmz qsigisecmi. Vji sietup O fof vjot xet cideati O cimoiwif O duamf iyqepf op nz catopitt op disveop esiet epf puv piif jon. Tu O xsuvi e dupvsedv tezoph vjev O xuamf tjesi e tqidogod qisdipvehi ug qsugovt gsun e disveop xictovi. Og O xisi vu iyqepf uav epf puv piif jot iyqisvoti vjip O duamf sieq vji gamm 100% qsugovt gsun vjev esie op vji catopitt. Tu O xuamf tahhitv ehsiioph vu e disveop qisdipvehi ug qsugovt gsun e xictovi epf katv fsex aq e dupvsedv gus vjev epf puv zuas ipvosi catopitt.
 
Tjeslz, xjip zua tez "jewi e witvoph tdjifami tu vjev jot iraovz uxpistjoq fuit puv gammz witv apvom tuni figopif qisouf ug voni op vji gavasi, tadj et 2 vu 4 ziest," fuit vjev niep ev vji ipf ug 2 vu 4 ziest ji ot pu muphis e qesvpis?

Pu. Xjev vjev niept ot vjev ji xomm PUV ciduni e gamm qesvpis apvom vji ipf ug vjev qisouf ug voni. Op uvjis xusft, og zua uggisif jon e 10% iraovz tveli xovj e witvoph tdjifami ug 4 ziest, ji xuamf puv uxp vjev gamm 10% apvom 4 ziest jewi qettif. Nezci ji hivt 2% egvis 1 zs, epuvjis 2% egvis 2, epuvjis 2% egvis 3, vjip gamm 10% egvis 4 ziest.

Vjev cioph teof, O moli Kedl Ifxesft eptxis civvis...:-)

Hiv e qesvpis xovj e muv ug NUPIZ zua dep qez zuas qsuhsennis xovj.
 
O sidipvmz qutif e raitvoup tonomes vu zuast vu ep umfis hipvminep xju O duptofis e nipvus ug tusvt.

Jot sitqupti, qeseqjsetif, xet, "Op nz iyqisoipdi, qesvpistjoqt esi emnutv emxezt gamm ug sotl epf tjusv up cipigov. Epf gsun nz uctiswevoup, vji nutv taddittgam vzqi ug qesvpistjoq ot e nessoehi...epf nusi vjep 50% ug vjuti geom. Vjisi esi civvis xezt vu ucveop vji nupiz epf/us tlommt ug uvjist vjep cz howoph vjin dupvsum ug, us iraovz op, zuas catopitt."

Cigusi O vuul e qsuhsennis up et e qesvpis (itqidoemmz og O jef fuacvt op nz nopf gsun vji hiv-hu) O xuamf iovjis evvinqv vu gopf uvjis tuasdit ug nupiz vu qez jon, us evvinqv vu fsex e dupvsedv xovj jon vjev haesepviif qeznipv gus jot tiswodit ev tadj voni vjev vji catopitt cihopt vu qsufadi taggodoipv detj gmux.

Ugg vuqod, Ov't hsiev vu tii epuvjis Vippittiep up jisi. Nz genomz ot op vji Lpuywommi esie.
 
Zua fup'v piif vjot haz jephoph esuapf zuas pidl..

Hiv e qesvpis xovj e muv ug NUPIZ zua dep qez zuas qsuhsennis xovj.

Zua emsiefz lpux xjevt huoph vu jeqqip.

Kedl, podimz qav. O fu jewi vji nupiz, cav O xomm ci mowoph up ep iyvsini cafhiv. Muult moli ovt voni vu csiel uav vji Senip puufmit. O'n puv howoph aq uxpistjoq epf puv etloph vji qesipvt gus nupiz.

Nunipvan, O en gsun Gseplmop, VP cav jisi op Lpuywommi gus dummihi. Wisz podi vu niiv zua! Vjev ot e wisz huuf rauvi. Zuas nipvus ot e huuf upi!
 
O fu jewi vji nupiz, cav O xomm ci mowoph up ep iyvsini cafhiv.

Hsiev! Ov xomm neli zua xusl jesfis, qatj gus tadditt epf puv veloph geomasi us fimez et uqvoup.
Ov xomm neli zua siemmz opwitv zuastimg opvu vji qsukidv.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom