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Business Partners
12-20-2012, 09:19 AM
I've got some business proposition recently, but confused about something.
If you own 40% of the company and you have two other business partner both own 30%. Does this mean you're majority shareholder? do you have control of the company if you own the most share but not at 51%?
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Business Partners
12-20-2012, 10:17 AM
unless both of them want to do something you do not. then they would win
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Business Partners
12-20-2012, 10:27 AM
Commonly control is 50% + 1 share, under UK law some changes require 75% majority. It is possible to create provisions of different voting rights though, so you could distribute income 40-30-30, but would have the majority shareholding (if they agree)
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Business Partners
12-20-2012, 11:52 AM
Do you know the only kind of ship that always sinks?
It's called a partnerShip.
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Business Partners
12-20-2012, 07:16 PM
Quote: (12-20-2012 11:52 AM)thegmanifesto Wrote:
Do you know the only kind of ship that always sinks?
It's called a partnerShip.
That's so cool, did you made that up yourself?
Seriously, if you're gonna say something like that. Please do elaborate.
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Business Partners
12-21-2012, 10:05 AM
@ harry hooligan and g manifesto- how do u appropriate partners w minor equity say 20%or do u keep it all Salary or commission
WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude
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Business Partners
12-21-2012, 12:00 PM
The importance of choosing your partners carefully really cannot be overemphasized. It's like a marriage without any sex or love. Except for mutual desire for cash.
It should be noted that Dennis is not anti-partnerships in his book, although the equity point is a very good one. 50-50 partnerships are incredibly tough.
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Business Partners
12-21-2012, 10:21 PM
Are you guys talking about "How to Get Rich" by Felix Denis? it looks like an interesting book. I might pick it up.
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Business Partners
12-23-2012, 12:04 PM
Quote: (12-22-2012 12:00 AM)TheIndifferent Wrote:
Quote: (12-21-2012 10:21 PM)OldRich Wrote:
Are you guys talking about "How to Get Rich" by Felix Denis? it looks like an interesting book. I might pick it up.
Yes, that's the book we're referencing. It's worth a read.
I think you guys just saved me a fortune. I read the book and what he said about owning everything really opens my eyes.
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Business Partners
12-26-2012, 11:38 PM
read the book. great read. solid guys!
WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude
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Business Partners
12-26-2012, 11:39 PM
what other good straight talk biz books did you guys like?
WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude