Questions

If I hire a subcontractor to do group training sessions for me in their speciality (which I currently do not offer), what is the legal solution to revenue sharing? Please also share any cautionary tales if relevant. Thank you!

I would first attend that person's actual training sessions to judge his quality of delivery in a live setting.

Once convinced, the next question is the revenue sharing ratio. If he is doing most of the work, including development of the training material, while he is using my training company name then I would consider something like 70:30, to him after paying for all the direct expenses.

Of course, if the course fails to sell enough seats and is cancelled, or not cancelled but does not breakeven then the costs incurred including those on promotion should be evenly split.

You are free to negotiate any other ratios.


Answered 5 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2020 Startups.com LLC. All rights reserved.