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My girlfriend wants 50% of my business


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Old 21st February 2019, 1:19 PM   #31
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Originally Posted by JPerez2781 View Post
I never said I was not going to pay her for her efforts. as a matter of fact, I offered her 40% and she rejected it!
I know if we tot up pure figures then she has no case, but this is also a relationship and I can kind of see her point.
She doesn't want to be at a disadvantage - "the junior partner", the 40% stake, the one with little or no say in the business, the one who has always has to defer to you.
Whilst that situation may be fine for more "traditional" women, it is probably not a dynamic that any woman who believes in equality would like to be in.

Also.
Is this the woman you can see yourself marrying and/or growing old with?
If so, then you may not want to ruin things, by squabbling over %s.
If not, then why are you even considering going into business with her? It could get very messy, slighted ex lovers I guess make very bad business partners.
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Old 21st February 2019, 2:29 PM   #32
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She rejected 40%?? Then offer her 30% and tell her its your final offer. Maybe its also time for her to start paying half of her living expenses.
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Old 21st February 2019, 2:36 PM   #33
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If being en equal partner is important to her, she should go into business with someone of her equal (capital, caliber). As simple as that.

Quote:
Originally Posted by elaine567 View Post
I know if we tot up pure figures then she has no case, but this is also a relationship and I can kind of see her point.
She doesn't want to be at a disadvantage - "the junior partner", the 40% stake, the one with little or no say in the business, the one who has always has to defer to you. <snip>

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Old 21st February 2019, 2:41 PM   #34
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I know if we tot up pure figures then she has no case, but this is also a relationship and I can kind of see her point.
She doesn't want to be at a disadvantage - "the junior partner", the 40% stake, the one with little or no say in the business, the one who has always has to defer to you. Whilst that situation may be fine for more "traditional" women, it is probably not a dynamic that any woman who believes in equality would like to be in.
Umm, "equality" is not having a partner putting up say, $50K of his or her money and the other one putting up $300 and getting equal ownership. Do you think a man wants to be in business with a woman where the man pays the bills and sacrifices his life savings and 'heart and sole' and the woman sacrifices ONLY her 'heart and sole'?

I don't think we have the same definition of "equal" here. It seems your definition of equal is a guy gets money to start a business and the woman is automatically entitled to half without any risk just because she is dating him.

I am not sure why you would think any woman "who believes in equality" would think investing $300 versus $ thousands would find that to be equal. In fact, it is the very definition of inequality. That would mean she wants an equal outcome for an unequal effort and risk. It doesn't work like that when it's your own money and livelihood is on the line.

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Old 21st February 2019, 2:45 PM   #35
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^^^ Well said. No woman who wants to be an equal partner would not be ashamed having her boyfriend pay all her bills.
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Old 21st February 2019, 3:14 PM   #36
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You need to not offer her anything beyond a salary for hours worked. End of story. Ask anyone with a successful business and they’ll tell you that they’re continually bombarded by offers to bring on a partner or somehow get a piece of the action. If you’re going to own a business, you’re going to need to get this cemented in your way of thinking - that no one gets it unless they pay you a huge sum to buy you out. A spouse is a different thing but your gf is not your spouse. And if she ever does become your spouse, let’s all hope you don’t divorce because the writing is on the wall.

You know, if someone I was dating said those things to me about my business, he would be greatly diminished in my eyes. Your gf has an entitlement attitude and that’s a very slippery slope.
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Old 21st February 2019, 3:41 PM   #37
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Originally Posted by JPerez2781 View Post
Thank you so much for your advice. I'll be completely honest with you, I offered her 40% and she rejected it. So, with her response and what you have advised me on this thread, I see where her intentions lie.

I never said I was not going to pay her for her efforts. as a matter of fact, I offered her 40% and she rejected it!

Now you know she's greedy. Better to learn up front.
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Old 21st February 2019, 4:12 PM   #38
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Originally Posted by ChatroomHero View Post
Umm, "equality" is not having a partner putting up say, $50K of his or her money and the other one putting up $300 and getting equal ownership. Do you think a man wants to be in business with a woman where the man pays the bills and sacrifices his life savings and 'heart and sole soul' and the woman sacrifices ONLY her 'heart and sole soul'?
I already said if you look at the numbers they do not stack up and she has no case, but this is not only a business arrangement, this is a relationship.
It is not really just about money. This is about their life moving forward.
He thus has to decide whether he wants to put his faith into the relationship or not, as I guess no 50%, no relationship.
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Old 21st February 2019, 4:55 PM   #39
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The answer is NO!

She hasn’t earned one thing!

In fact, have her start supporting HERSELF! Why does she expect more from you without adding in HER share?

Pay her back the $300 and pay her an hourly rate for the input she provides based on an agreed amount.

Stop allowing her to be entitled and a mooch! Charge her ent, have her pay her own way!

Looks like a woman that will only drag you down emotionally and financially.

Put a stop to it all before it gets out of hand!

In short - she deserves nothing! Zero percent of your business... but offer her an hourly wage that she must document on paper in order to be paid.

Be careful... a woman like that is sneaky and will try and find any way to personally benefit from YOUR hard work. Remember, she’s a mooch - strip her from any possibility of mooching off you any further!

Set up rules and guidelines that protect you and your future assets.


Standard answer for ANYTHING she asks for is NO!

SHE wants something? SHE should earn it for HERSELF!
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Old 21st February 2019, 4:56 PM   #40
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Now you know she's greedy. Better to learn up front.
Ya, she played her hand... time to fold and end the relationship knowing she will suck the life out of you if you continue.

She’s an opportunist - she’s made that clear.
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Old 21st February 2019, 5:37 PM   #41
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I already said if you look at the numbers they do not stack up and she has no case, but this is not only a business arrangement, this is a relationship.
It is not really just about money. This is about their life moving forward.
He thus has to decide whether he wants to put his faith into the relationship or not, as I guess no 50%, no relationship.
According to your logic, the gf can ask him to give her 50% of his bank account, his retirement fund, and all his assets.
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Old 21st February 2019, 6:01 PM   #42
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Originally Posted by elaine567 View Post
I know if we tot up pure figures then she has no case, but this is also a relationship and I can kind of see her point.
She doesn't want to be at a disadvantage - "the junior partner", the 40% stake, the one with little or no say in the business, the one who has always has to defer to you.
Whilst that situation may be fine for more "traditional" women, it is probably not a dynamic that any woman who believes in equality would like to be in.

Also.
Is this the woman you can see yourself marrying and/or growing old with?
If so, then you may not want to ruin things, by squabbling over %s.
If not, then why are you even considering going into business with her? It could get very messy, slighted ex lovers I guess make very bad business partners.
Huh? So women who believe in equality should be demanding 1/2 of their boyfriends business? That's a new one to me. I would think a woman who believes in equality would not think it's okay to let their boyfriend support then while they make ridiculous demands.

You seriously believe that it makes sense for the OP to give his gf of less than 2 yrs an equal share in his business. She could dump him in a few months and totally destroy him but you think that's okay because his gf is not some old fuddy duddy traditional woman. No she a woman who believes in equality so that makes it okay for her to make unreasonable demands that are not based on equality at all because nothing she has contributed to this relationship has been equal.
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Old 21st February 2019, 6:22 PM   #43
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Originally Posted by JPerez2781 View Post
I have a full-time job and she is a full-time artist. Financially I pay all the bills at home because she does not work, but she will help out here and there

Just recently we got into an argument because she brought up the fact that so wanted to be a 50% partner (on paper) in the business because she feels that she will be putting her heart, soul, efforts and time into the business. Is it fair for her to ask for that?
Oh man, this just isn't how stuff works. The fact that you even have to ask the question tells me that you need a business-financial advisor. Artists often operate on feeling and are notoriously bad at purely rational thinking. Her assumption that this is fair because she will be helping out enthusiastically is absurd.

Let's look at a few analogies.... if we were talking about pure cash as opposed to business equity would you be willing to write her a check for half of everything you own, including your retirement money, simply because she's your girlfriend? Of course not.

If this were a house valued at say 500k, would you put your girlfriend on the deed because she'll be helping you live there, and offers to help clean and decorate? Of course not.

This is no different. It's equivalent to giving her half of everything. She's already getting a free ride, lives her artist lifestyle and doesn't have to work because you're supporting her. Now she's asking for a fifty percent equity stake in your business without putting up a dime. Nobody in their right mind would do that. I don't even have words to express how ridiculous this sounds.

I think it's also unfortunate because unless she comes to some realizations with respect to how stuff actually works, she's going to be very unhappy (assuming you don't give away the farm- another analogy). Even if you were getting married you'd still retain your equity in the business as a non-marital asset (not subject to division in case of divorce). If you were to give her fifty percent (on paper), and then you two break up, you'd have to come up with that same fifty percent in cash to buy her out. And that breakup is more probable that you're imagining given the emotional reasoning behind what she apparently believes is fair.

From my perspective, she should be supporting your business simply because she's benefiting from it in terms of living rent free and not having to work. You have to set boundaries and quit letting her use the relationship to leverage a free ride. I hope the relationship survives this, but I think it's going to be hard now that she's laid out her terms. I didn't see the word marriage or finance' mentioned anywhere, not that it should change anything with regard to giving away half of your assets.
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Old 21st February 2019, 6:28 PM   #44
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Jeff Bezos is currenting dating a woman whom he met for doing some aerial photography for his business. Imagine this woman tells Bezos that, since she’s putting so much time and effort into helping his biz and since she is the gf, she is entitled to 50% of Bezos Amazon stocks.
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Old 21st February 2019, 6:50 PM   #45
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If I were this potentially starving artist female, I’d count my lucky stars that I could paint in peace while having someone take care of me. And if he opened a business, I’d either be supportive and help out without complaining, since he’s paying for most things, or I’d lay low and keep my mouth shut.
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