I am starting an IT business with 3 of my classmates from university. We all did Enterprise computing and figured it would be a good idea to start a programming firm. We have an investor who is willing to give us the building to use for 3 years annd also willing to inject the start up capital into the business because we do not have the money and he realized that we all have talent and would do good.
I have basically been trying to get things started, what I do not understand is how to structure the business, what percentage should the four of us get and how will we compensate this investor. Can you please share any advise for starting a business like this. The business will be LLC but I just need some advice as to what approach to take, not sure how to divide the shares.
Thanks in advance!
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