How would you actually go about giving them 5%? It seems very complicated. Presu... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

vegashacker on Sept 6, 2011 | parent | context | favorite | on: "I've got an idea for an app"

How would you actually go about giving them 5%? It seems very complicated. Presumably it's after Apple's cut. There are also expenses. Is it a handshake deal? Is there a legal document? Is it 5% for all time? What about tax considerations since the government may think you got 100%, instead of just 95%?

jarin on Sept 6, 2011 [–]

You can use something like http://foundrs.com/home just to lay down a basic agreement and work out the details later.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact