Selling software, any good, affordable solicitor you can recommend?

[Old Greg]

Got to be a good deal. Estate agents are an honest, dependable bunch :

I hope the app has original features.

[Lance]

This is exactly why I need legal advice

that's not legal advice though.
That's business advice.

Anything under 50% and you don't control the business.
Anything over 80% and the other party has even greater control. The details elude me but you might as well have nothing if less than 20%.

If it's your product you should be demanding 51% and no less.

Or you could own the product yourself and license it to the new company. You could potentially have clauses that say if he boots you out, or dilutes your shares, then license is revoked. For that you WILL need legal advice.

[Old Greg]

that's not legal advice though.
That's business advice.

Anything under 50% and you don't control the business.
Anything over 80% and the other party has even greater control. The details elude me but you might as well have nothing if less than 20%.

If it's your product you should be demanding 51% and no less.

Or you could own the product yourself and license it to the new company. You could potentially have clauses that say if he boots you out, or dilutes your shares, then license is revoked. For that you WILL need legal advice.

There is certainly a 'magic' no. around 20%. The problem with 10% is that new shares get issued to the majority stakeholder diluting your %.

[Lance]

There is certainly a 'magic' no. around 20%. The problem with 10% is that new shares get issued to the majority stakeholder diluting your %.

I've also seen people get conned when they think they have some part of a company only to find out they have 50% of the class B shares, which are unrelated to ownership or remuneration.