Before you take any money, convert to a c corp a. As soon as you start adding on all those additional complexities, the conversion is going to cost you a lot more money. When three people in a dorm room made a poker ap to play with their friends, and two of em want to make this into a million dollar company, what happens then? I have always told people to have a very brief emale discussion and say, we're going to work on this project together. If it becomes a company, we will own fifty, fifty of the company together. And if person doesn't want to do it, the other person has the right to buy the other person out in the...
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