Post
Topic
Board Project Development
Re: Seeking investors to grow an eSports betting business - esportbets.io
by
LeGaulois
on 02/06/2020, 19:19:31 UTC
...
51% of equity?   Why such an odd number?...

When you have (a) business partner(s) you usually share 50/50 but sometimes it's different because a person doesn't contribute at the same level (whatever it's about the hours spent, the capital, etc)...
The 1% makes a big difference legally. The partner becomes the majority owner and manager of the company with all the responsibilities that come with it.

Or it's a joke with a 51% attack Grin