An associate and I in Florida are planning to found a firm that will operate a website. We both plan to have equal operational responsibilities and ownership. We need to create an agreement between us that would include:
* joint ownership of capital contributions in the form of digital assets, copywrited materials, database records, programming, and the like
* sharing of costs and profits
* terms of buying out the other person
* access to bank accounts and checks
Of course we would also like to limit our own personal liabilities from debt claims, lawsuits, etc.
So, I read up on LP, LLP and LLLP. I was shocked to see at http://form.sunbiz.org/pdf/cr2e030.pdf that the filing fee is $1000. Exploring other options...
Main questions: How can we meet the objectives in the first paragraphs without a state recognized partnership? If so, what other entities and structures will meet the objectives, such as joint ownership of an LLC, with a separate agreement delineating the * points above? If so, I am confused: Does Florida require us to file for a partnership license if we have signed a partnership agreement for an LLC? (I guess not.)
Please make your answer as detailed as possible. In advance, thank you for your response.
* joint ownership of capital contributions in the form of digital assets, copywrited materials, database records, programming, and the like
* sharing of costs and profits
* terms of buying out the other person
* access to bank accounts and checks
Of course we would also like to limit our own personal liabilities from debt claims, lawsuits, etc.
So, I read up on LP, LLP and LLLP. I was shocked to see at http://form.sunbiz.org/pdf/cr2e030.pdf that the filing fee is $1000. Exploring other options...
Main questions: How can we meet the objectives in the first paragraphs without a state recognized partnership? If so, what other entities and structures will meet the objectives, such as joint ownership of an LLC, with a separate agreement delineating the * points above? If so, I am confused: Does Florida require us to file for a partnership license if we have signed a partnership agreement for an LLC? (I guess not.)
Please make your answer as detailed as possible. In advance, thank you for your response.