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Me and my friend are currently studying games development at uni. We're wanting to do a games studio start up in the next 6 months or so. In terms of a business plan we've got fairly good estimates etc but I was wondering what sort of legal entity we should be and when we should actually do it. We're going to have stuff to release relatively soon, should we start it up before release, or for now can we simply release game and keep profits without registering as business? Would that be illegal? This is a major consideration as if we were to do it now, we'd still be full time students for the next 6months and not working full time as the business

Me and the friend what equal ownership of the business, so partnership seems like an obvious option, but the separation of limited company also sounds good. Would we be able to set up a limited company with equal ownership? And is this a terrible idea for a company of only 2 or 3 members?

Thanks

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closed as off-topic by Almo, Josh Jan 12 at 3:48

  • This question does not appear to be about game development within the scope defined in the help center.
If this question can be reworded to fit the rules in the help center, please edit the question.

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    \$\begingroup\$ You may also get useful answers by posting this or a similar question to the Law SE \$\endgroup\$ – Stephan Jan 11 at 18:47
  • \$\begingroup\$ @Stephan Cross posting duplicate questions will certainly not get you useful answers - it will get your questions closed. Asking similar questions is sort of a grey area. In general, questions should be addressed to the most appropriate SE that they are on-topic for. \$\endgroup\$ – Pikalek Jan 11 at 22:59
  • \$\begingroup\$ I'm voting to close this question as off-topic because this is a legal question, not a development question. \$\endgroup\$ – Almo Jan 11 at 23:51
  • \$\begingroup\$ I'm voting to close this question as off-topic because it is about specific legal advice. \$\endgroup\$ – Josh Jan 12 at 3:48
  • \$\begingroup\$ @Pikalek I'm aware. Probably wasn't the best phrasing, but legal questions should be posted to the Law SE for best results. Just trying to help a newcomer navigate the stack. \$\endgroup\$ – Stephan Jan 16 at 16:09

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