View Full Version : How do I accomplish a joint venture?

18 Nov 2007, 01:57 PM
Hello, I hope I am posting in the right area. I have 5-7 great adult domains that I would like developed (they are short, memorable, recognizable). I would like to do a joint venture with a web designer, but there are some things about doing joint ventures that I am unclear about.

The agreement is easy, I have a really good agreement that I can use. However, I will probably involve a lawyer just to be fair/safe to both myself and the webdesigner.

The thing that I am trying to figure out is ...
How do I collect payments from my website (or affiliates) and distribute them to myself and my joint venture partner?

Do I have to set up a Limited partnership and get a bank account in the partnerships name? Does the bank divide the payments and send them to respective accounts?

How does that work?
Thanks, M