Post: #1

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%?

Post: #2

unless both of them want to do something you do not. then they would win

Post: #3

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)

Post: #4

Do you know the only kind of ship that always sinks?

It's called a partnerShip.

Post: #5

(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.

Post: #6

(12-20-2012 11:52 AM)thegmanifesto Wrote:  Do you know the only kind of ship that always sinks?

It's called a partnerShip.

haha corny, but well said...

Beyond All Seas

"The individual has always had to struggle to keep from being overwhelmed by the tribe.
To be your own man is a hard business. If you try it, you'll be lonely often, and sometimes
frightened. But no price is too high to pay for the privilege of owning yourself." - Kipling

Post: #7

(12-20-2012 09:19 AM)OldRich Wrote:  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%?

You are the majority shareholder, but you dont have control of the company if you dont have more than 50% of it. So if the other two decide that they have had enough of you, you have a few problems coming your way.

G - You cant fund any substantial business without partners. Just the rule of law I am afraid.

Post: #8

(12-20-2012 08:49 PM)Hooligan Harry Wrote:  

(12-20-2012 09:19 AM)OldRich Wrote:  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%?

You are the majority shareholder, but you dont have control of the company if you dont have more than 50% of it. So if the other two decide that they have had enough of you, you have a few problems coming your way.

G - You cant fund any substantial business without partners. Just the rule of law I am afraid.

I was kind of making a joke.

I got you, although "substantial business" is relative right?

I am not trying to create the next Twitter.

Post: #9

(12-20-2012 11:07 PM)thegmanifesto Wrote:  

(12-20-2012 08:49 PM)Hooligan Harry Wrote:  

(12-20-2012 09:19 AM)OldRich Wrote:  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%?

You are the majority shareholder, but you dont have control of the company if you dont have more than 50% of it. So if the other two decide that they have had enough of you, you have a few problems coming your way.

G - You cant fund any substantial business without partners. Just the rule of law I am afraid.

I was kind of making a joke.

I got you, although "substantial business" is relative right?

I am not trying to create the next Twitter.

Lol, no I know and I actually agree with you.

If you have got a partner involved in your franchise, store front or online store, good night sweet prince. The divorce is coming soon.

If you are talking about a business that needed to raise money, well those fuckers always want their cut. There is just no way around it

Post: #10

@ harry hooligan and g manifesto- how do u appropriate partners w minor equity say 20%or do u keep it all Salary or commission

Post: #11

Ownership is everything. Felix Denis bangs on about this in his book:

Quote:On the Importance of Ownership—“Never, never, never, never hand over a single share of anything you have acquired or created if you can help it. Nothing. Not one share. To no one. No matter what the reason—unless you genuinely have to.”

Post: #12

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.

Post: #13

Are you guys talking about "How to Get Rich" by Felix Denis? it looks like an interesting book. I might pick it up.

Post: #14

(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.

Post: #15

(12-22-2012 12:00 AM)TheIndifferent Wrote:  

(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.

Post: #16

read the book. great read. solid guys!

Post: #17

what other good straight talk biz books did you guys like?