I am planning to fund a small startup with a female partner. I have two major concerns.
1) I will putting up 100% of all startup capital and my partner is a female, we want to be women owned to compete for goverment business in the area.
2) How can I structure the company so that I have majority control becuase I am funding it, but allow it to still be women ownened.
One idea I had thought of is to add my wife to the company, even if she is not very active, possibly just giver her a board position, but no operational position.
I have no problem giving up 30% to the female partner, she will provide tremendous sweat equity to the business, she is a licensed professional with years of experience. I am just a business acquantaince willing to help her get started.