Thanks so much - I totally agree. I bought the LLC (manager managed) as a single person entity (myself) to protect the main Name - and since there is no written agreement in place It remains my decision. One of the partners is very moody and was laid off from his good paying job - he was low-level financing some minor things. One thing, I feel if i put him out he would try to compete with me. He would have to find a great designer. The other partner is younger, but has great relationship with a person who wants to be partner (whos father is worth 28million) and really if i had it my way I would just bring him on....but since they are great friend i doint know...sorry just confused and I so i now shut up and re-read your advice which is golden...lol
I started my own freelance design company a few years back in Baltimore, but doing it by myself is hard, and the fact Im not that organized isnt helpful - so I decided to take on a couple partners who are good with business and can sell my stuff - So we decided to form a new creative company - My business has been bad because Im doing all the start up work / design - websites (3 of them) promo materials, business plan etc. - I definitely feel Im doing alot of the work while one partner has helped a little by selling 1 3000 job and he has provided money by buying business cards, phone service - he covers the tab when we go out to meet clients...and he makes calls to clients / and prospects....the third guy has potential, and is friends with a lot of people but is broke. He helps out when he can but very limited - a friend of his is worth 28 million and his other friend is well off as well...so im looking at him as an asset to bring potential investors.
My gripe recently is I paid for costs for framework to build websites for two clients, paid for monthy phot subscription which we need, paid for software we need - and helped pay for several other business costs.
My feeling is Im doing all the actual work for our clients since the other two partners cant design, or do any of our services.
So i feel i shouldnt be paying for any biz related costs. I paid for the biz license as well.
I think they are valuable with me and not against me but I cant be spending money when my part of this is to design and cover most of our services.
I could just pay a salesguy...or something...
So am i right by feeling like responsibilities are not shared equally, and I should expect the others to pay for costs? I dont know what to do. We need an Investor -that i know.