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Start a virtual company.

With Sitepie you can share ownership in an internet domain name like ourgreatwebsite.com topweb.com or any other. By sharing the ownership of a domain name, you and the other owners can develop a website without having the hassle of starting a real company. This prevents you from paying expensive legal fees and having to perform a lot of administrative tasks. Sitepie domains are very useful if you have a website idea and want to test if it gets any traction on the web.

Why use Sitepie

If you build a website with other people it’s nice to trust each other, but in the case of a conflict you are not protected from getting excluded from the project. You don’t want to spend your time and effort building a website, ending up getting excluded from the project and don’t profit from it. With Sitepie it’s not possible to cheat on each other or to exclude one of the owners. It’s like a contract between the owners to cooperate and give each other credit for their work in case the website is successful. Instead of worrying about potential conflicts, you put all of your energy into developing a great website and we take care of the rest.

Each owners interests protected

Because Sitepie is the holder of the domain name, we can enforce our governance system on our users. In this way the interests of each owner are protected and cooperation between the owners is coordinated. There are only three ways in which the ownership of the domain name, intellectual property and the project can be changed.

One is by agreement between all owners on the new owner of the domain. In this way you can transfer the domain to a legal or natural person. This process is monitored by Sitepie and can only be conducted through our online agreement application.

It’s even possible to add new participants later on, by changing the list of owners and their share of ownership. This requires agreement between all owners on the new ownership structure. This process is also monitored by Sitepie and can only be conducted through our online agreement application.

The third way to change ownership is to transfer the domain to a legal person without consent between all group. The equity stakes in this entity must reflect the ownership shares your group members have in the domain name. This only requires a majority vote, but the transfer process must be monitored by an independent lawyer.

To learn more about how our governance system works, read our  terms of service

 

 

 

 

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Start a virtual company in three simple steps!

1: Choose a domain name.

2: Divide ownership shares.

3: Start building your website.

 

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