David,
I apologize for the very long post. However you did inquire about whether or not you trust them now it is about making a fair deal for yourself.
I would ask for the money if the company does not have the note enough money to pay you fairly and you truly trust them you are taking a very big risk regardless. Business turns people into things that are not so pleasant sometimes ( not everyone please do not think I am saying this is going to happen to you
I found a domain that is not a exact match and believe me this is the definition of an exact match domain ("bay area" the locale "cabinets" the product) is an exact match domain no matter how you look at it.
Strongly consider the fact that this domain exists
http://www.bayareacabinetry .com/
http://www.bayareacabinets .com/ ( is for sale unknown price obviously do not buy it)
first get your business with this company in order. Do not just leave it open for them to possibly take the URL and leave you in the dark.
hemadesigncenter .com
large photo of 2-for-1 deal on domain above
if you are worried about not having ownership of the site have them sign a contract stating that they will not sue you for registering their companies name and possible trademark.
It is extremely hard for them to get in a domain back but very easy for them to sue you for anything.
Keep in mind that they should have their company name as a domain if you are their friend you will register that domain. If you need to have more security one thought is split this into a 50-50 business not just words out of some guy's mouth. Form an LLC call it
HEMAcabinetry .com if that works for you and them?
I would rather have a deal with them in writing and possibly equity in their company before I am going to start counting on them having the money for every sale think about this 50% of their sales online?
I see that PairNIC the best registry ever in my opinion is doing a two-for-one sale
https://www.pairnic.com
if you need a domain that is not the companies trademarked domain because you feel you could get pushed out make a second LLC or speak to an attorney I have put a lot of information below because 50% of sales is not something you even want. Percentages can be altered greatly in business.
hemacabinetry .com
would be a domain you should own as well as the whois reflecting your company or your self unless you come to an agreement with this business that gives you more security.
Trademark and file the name of the business this will show you if there are any conflicts early on.
you can use this service below that gives you a domain and trademark along with submitting it to all of the social media outlets.
http://knowem.com/checkusernames.php?u=HEMAcabinetry&submit=
Save money using the service via http://Moz.com/perks
Talk to people like LegalZoom or these guys https://ct.wolterskluwer.com/why-ct
If you want protection for the site simply tell them you are going to create an LLC called HEMAcabinetry .com purchase the available domain name along with being certain to TradeMark the name of the site. Have them sign an agreement telling you that they agree this is not infringing on any current trademarks of their business.
If you are honestly going to do the work for the site and not get paid cash you should own the site. I would also want to have a good look at this company's books they are essentially asking you to be a partner but how much of this is in writing? What is written down is more important than anything else.
I am not saying these people are bad that they are going to rip you off anything like that but you really want to take precautions
I am extremely hesitant to help out businesses that offer me "50% of online sales"
number 1 to ask for revenue not a percentage of even 50% of sales.
50% of sales can be manipulated beyond belief. I know it sounds crazy however never work with percentages work with revenue that way you cannot get taken to town twice. It sounds like either their very lacking in their knowledge of how to run a business or they are simply trying to rip you off. I hope neither is the case but I want to be completely honest with you you can manipulate a percentage of sales even 50%
Most of my career has been running two manufacturing companies one manufactures plastics the other manufacturers roofing material.
Regardless this is how I would never take a 50% sale deal from anybody you have to do get an attorney to put it in writing that you want 50% of the revenue generated from online sales.
You are entitled to equity from that business because you are giving them a service that they should be paying for. I hope I am wrong but I would never do a deal like this.
I think you should do one of two things sit down with an attorney asked them simply state what you are doing and ask them for the best way to make it legal so that you are not ripped off by them taking the website, flaking out on you entirely, or manipulating the (books maybe not even to hurt you) and diluting the value of what they call 50% of sales online You could easily make nothing or and up owing them money.
https://www.legalzoom.com/attorneys-lawyers/legal-plans
https://www.legalzoom.com/attorneys-lawyers/legal-plans/business
Tell the people that offered you this deal you want cash not a percentage of the corporations sales unless this is not what you want. Unless for some reason that is not what you want you then are in a position where they owe you equity in the company for the debt they have incurred of you building and running their website.
https://www.legalzoom.com/limited-liability-company/limited-liability-company-overview.html
I would start out by creating a separate LLC with yourself there president/CEO then allow them to add their company's president as well as your name as VP or CEO for the The record the way that business is constructed will be more important than your title.
http://smallbusiness.chron.com/definition-operating-income-net-sales-24911.html
http://www.investopedia.com/articles/01/110701.asp
http://smallbusiness.chron.com/definition-operating-income-net-sales-24911.html
http://smallbusiness.chron.com/sales-commissions-net-revenue-model-vs-gross-margin-model-38255.html
http://www.mckinsey.com/insights/marketing_sales/cutting_sales_costs_not_revenues
more
Earnings before interest and taxes, or EBIT, takes a company’s revenue, or earnings, and subtracts its cost of goods sold and operating expenses. The resulting figure, EBIT, is also called "operating earnings," "operating profit," or "operating income." Another way to calculate EBIT is to take net income and add back the interest and taxes the company paid. Investors can find the data required to calculate EBIT on the company's income statement. If EBIT is unsatisfactory, the company will need to either increase its revenues, decrease its expenses or both to improve its performance.
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Definition of 'Debt/Equity Swap'
A transaction in which the obligations (debts) of a company or individual are exchanged for something of value (equity). In the case of a publicly-traded company, this would generally entail an exchange of bonds for stock. The value of the stocks and bonds being exchanged are typically determined by the market at the time of the swap.
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Investopedia explains 'Debt/Equity Swap'
A debt/equity swap is a refinancing deal in which a debt-holder gets an equity position in exchange for cancellation of the debt. The swap is LegalZoom generally done to help a struggling company continue to operate (after all, an insolvent company can't pay its debts or improve its equity standing). However, sometimes a company may simply wish to take advantage of favorable market conditions.
Covenants in the bond indenture may prevent a swap from happening without consent.
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PS and other companies that will not use your queries against you for looking at domains is
I use another company Dyn Is my favorite as well they are not offering any discounts I am a DNS freak so I love this company but they will also not register a domain that is just being queried unlike Go Daddy. phone support is not 24/7 on the weekends for domains
http://dyn.com/ ( you will have to have your own DNS or use their outstanding DNS that does add USD29 a year)
here is a larger photo if the one below is too small
ITiAU3n.png