So your on the edge of a multi million company but don’t have an LLC or anything registered. How are you guys paying taxes? Is this like the lawn care businesses? If your trying to be professional this should probably be on your priority list.
Furthermore if Kyle didn’t front the idea then none of this would have happened. He definitely shouldn’t get completely fucked over here. 10% seems reasonable. So right now you guys are splitting profits 33% 3 ways, definitely need to figure out a way to make taxes hurt the least. You mentioned Steve is the CTO, and are you the CEO and Kyle is just the founder? If that’s the case then giving him 10% and being hands off seems fair.
So your on the edge of a multi million company but don’t have an LLC or anything registered. How are you guys paying taxes? Is this like the lawn care businesses? If your trying to be professional this should probably be on your priority list.
Furthermore if Kyle didn’t front the idea then none of this would have happened. He definitely shouldn’t get completely fucked over here. 10% seems reasonable. So right now you guys are splitting profits 33% 3 ways, definitely need to figure out a way to make taxes hurt the least. You mentioned Steve is the CTO, and are you the CEO and Kyle is just the founder? If that’s the case then giving him 10% and being hands off seems fair.