I have a new, patent-pending design that is easily worth millions both initially and over the 20-yr. lifespan of the patent. I don't really want to start a company, but want others to do the millions of details, management, etc. while I keep some benefits. It'd be easiest to just sell my rights for a few million; right now, I am nearly broke. But the future value will be far more, for others. Would you just settle and retire, or keep an active director in other's management of the whole marketing/sales/investors/legal/accounting details? If a LLC, what percentage of profits would you keep in return for handing over 90% ownership?
2007-05-18 16:01:51 · 3 answers · asked by theNakedEye 3 in Business & Finance ➔ Other - Business & Finance
I have a "patent-pending," for you doubters. This is a serious question! Why share riches with lawyers, accountants, etc? If you are so smart to think I am dreaming, please leave your address up so I can drive by in my limo!
2007-05-19 03:41:26 · update #1
Settle now for big cash but hold out for settlements with royalties where you get a percentage of the future value.
2007-05-18 16:06:55 · answer #1 · answered by Steven R 2 · 1⤊ 0⤋
If you design is worth millions,why are you wasting your time here. Where's your lawyer , accountant and business advisors or business broker???
2007-05-18 23:07:25 · answer #2 · answered by TedEx 7 · 0⤊ 1⤋
LOL!! Aren't fantasies fun, even when they have no basis in reality? Good for you, dreamer!! :-)
2007-05-18 23:05:38 · answer #3 · answered by Anonymous · 1⤊ 1⤋