Well me and some friends (3-4) have made a website that contains a CPA network. And we are making a decent amount of money, and i don't want to get screwed over, i trust the guy and all, but better safe then sorry. Anyways how would i go about laying out a contract to agree to a percentage of earnings. Story is, we made a website that people would be interested in, and put a CPA survey to access said content, for a month or so it was on his server, but now that host is getting shut down, so we moved to mine. we use cpalead[dot]com, But that's HIS account, and we expect to make upwards of 6k from it. And we have agreed to split it 4 ways or so, but how can i be sure he doesn't split with the cash when its all said and done?, legally. Would a virtual signature work? or would it have to be faxed and hand signed then faxed back? Thanks!
You appear to have a verbal agreement though should it come to it, difficult to prove. You shouldn't need anythng too complicated. I'd suggest writing it out to state who is involved, to what percentage, who does what, who owns what, who is putting what money in, how any costs and profits are shared plus anything else of relevance you all consider needs including. Suggest it would be better if the original document was hand-signed by everyone with a copy of the fullly signed document given to all parties and perhaps the original lodged with a solicitor. At the end of this you'd have a basic written agreement/contract between you. You'd also need to consider your tax position to ensure you're "doing the right thing" and meeing all your legal liabilities from the enterprise. A consulation with an acountant may be of help to you as they can advise on such matters an make sure you're on the right track from the business perspective.