Isaac Rodriguez
@issaacr77
its not about operating a business, rather develop and launching an idea
Stripe Connect through multiple payees can some what cover this scenario - thats the only provider I found.
stripe.com/en-mx/resources/mo…
If anyone looking for a startup idea this is it because I literally couldnt find another provider
I have no idea what you're talking about anymore. Your original post mentions splitting revenue that will be generated. The entire point of business is to generate revenue. This is pretty clearly a business.
But despite all of that, you now seem to be convinced you're not going to be operating a business with this person involved despite the fact that they're doing what seems to be 100% of the work to get the business off the ground to include paying for tools that will be used by the business, so I don't know what to tell you.
Anyway, paying some % of revenue to 1 person (do you really need more than 1 person to build a MVP?) does not require Stripe Connect. Connect is for marketplaces where you have a million different parties involved. All you need to do is send this one person a bank transfer with PayPal or directly via ACH. Use Wise if international.
Dude please chill. What I meant by running a business was all the nuance involve in actually operating an established legal entity like an LLC not the day-to-day work itself.
All I was asking was if someone knew some automated tool to split revenue.
I’m calm, I’m telling you that your approach isn’t making sense to me and that you’re asking the wrong questions.
I don’t get the aversion to forming a business. It’s designed for this kind of scenario.
In any case, you shouldn’t need more than 1 partner for this kind of thing, so paying them out doesn’t require any fancy automation. Use Wise and set up a recurring, scheduled transfer for the amount they’re owned. This should be backed by an invoice.
If that amount changes every month, you should ask them for a custom invoice of that month’s work.
Custom amount or not, paying 1 person out is about 5 seconds of work per month, so it’s not something I would optimize or waste time automating upfront.
Pretty much pay for some tools, help me develop the application, contribute with ideas for distribution
A partner as in work together, not just an affiliate
Yeah so an affiliate program doesn't make any sense in this scenario. What you are describing is a true business partner that deserves equity in your business. This is not a contractor scenario either as you're describing tasks with very little upfront direction or guidance on exactly how to get the thing done.
Create one single LLC for all of your projects and write up an agreement that states your business partner will get X% of revenue/equity/whatever you decide for Y projects under the LLC. And of course consult a lawyer when dealing with this kind of stuff, they can help you draft the operating agreement.
I get that you want to save some work or something like that when you say that you don't want to create a business bank account or LLC, but you really do want these kind of structures in place when you are operating a business with multiple partners involved.
its not about operating a business, rather develop and launching an idea
Stripe Connect through multiple payees can some what cover this scenario - thats the only provider I found.
stripe.com/en-mx/resources/mo…
If anyone looking for a startup idea this is it because I literally couldnt find another provider
I have no idea what you're talking about anymore. Your original post mentions splitting revenue that will be generated. The entire point of business is to generate revenue. This is pretty clearly a business.
But despite all of that, you now seem to be convinced you're not going to be operating a business with this person involved despite the fact that they're doing what seems to be 100% of the work to get the business off the ground to include paying for tools that will be used by the business, so I don't know what to tell you.
Anyway, paying some % of revenue to 1 person (do you really need more than 1 person to build a MVP?) does not require Stripe Connect. Connect is for marketplaces where you have a million different parties involved. All you need to do is send this one person a bank transfer with PayPal or directly via ACH. Use Wise if international.
Dude please chill. What I meant by running a business was all the nuance involve in actually operating an established legal entity like an LLC not the day-to-day work itself.
All I was asking was if someone knew some automated tool to split revenue.
I’m calm, I’m telling you that your approach isn’t making sense to me and that you’re asking the wrong questions.
I don’t get the aversion to forming a business. It’s designed for this kind of scenario.
In any case, you shouldn’t need more than 1 partner for this kind of thing, so paying them out doesn’t require any fancy automation. Use Wise and set up a recurring, scheduled transfer for the amount they’re owned. This should be backed by an invoice.
If that amount changes every month, you should ask them for a custom invoice of that month’s work.
Custom amount or not, paying 1 person out is about 5 seconds of work per month, so it’s not something I would optimize or waste time automating upfront.
Dude please chill. What I meant by running a business was all the nuance involve in actually operating an established legal entity like an LLC not the day-to-day work itself.
All I was asking was if someone knew some automated tool to split revenue.
I’m calm, I’m telling you that your approach isn’t making sense to me and that you’re asking the wrong questions.
I don’t get the aversion to forming a business. It’s designed for this kind of scenario.
In any case, you shouldn’t need more than 1 partner for this kind of thing, so paying them out doesn’t require any fancy automation. Use Wise and set up a recurring, scheduled transfer for the amount they’re owned. This should be backed by an invoice.
If that amount changes every month, you should ask them for a custom invoice of that month’s work.
Custom amount or not, paying 1 person out is about 5 seconds of work per month, so it’s not something I would optimize or waste time automating upfront.