Two separate Ltd companies (not associated but provide a similar service) are considering a start-up together to provide an admin function for both Ltd companies and the open market.
What options are available when considering the structure of the new start-up, the relationships between the Ltd companies?
How could the options change if the percentages for each partner was not 50% each?
The rationale is initially to share the costs associated for the admin function and once the new start-up becomes efficient then phase 2 to introduce it to the open market as a service.
Really appreciate constructive thoughts from the SME's out there.