[irishjoe]

Hi,

I and an associate are currently in the process of developing a business plan for a new company we are setting up.

My question is very simple, what titles should we give ourselves to maintain equal 50/50. He would like to be CEO but what options in relations to titles does it leave me?
The reason I am asking is we are preparing to get funding and I would like to know what the perception of this will be. I know it is extremely early days at the moment but I believe it is very important as the long term implications could be undesirable.

Has anybody any experience of this.

Thanks
joe

[chrispalko]

Why don't you both be a Co-founder?

I recently designed a site for a partnership and this is what they agreed upon in order to maintain the equality.

[andrewrichardgale]

you should get married !

[Business Mind83]

How about Chief Financial Officer (CFO) ?


to me its the most Powerful position in any company. reason being "The man who controls the money controls the company".

Wish you luck...

[just1guy]

The CEO calls the shots and deligates downward. Under CEO is usually the COO or President who handles day to day decisions and processes. Be careful here unless you have a good working relationship and are fine with your friend making decisions about the business. My thoughts have always been there should be at least one person with a majority of ownership. Otherwise when you have conflicts, things can come to a standstill and often two strong personalities will ultimately accomplish nothing.