Remember the whole goal is to turn this project into a business right??

To make sure you’re on the same page with the people on your team, try and have an agreement with all the different members of your group (considering you’re the person who came up with the idea).

You probably in the agreement don’t want to have any info about sharing the business since the business doesn’t exist yet. I will advise one person holds all ownership on the intellectual property of the business. This just makes things easy incase you decide you don’t want to go into business together. In as much as you want to turn your project into a successful business just remember that you are doing this as a class project for now, so everything that happens in the next 4 months are for Academic credit. If you are a marketing student and decide to help out with the marketing of one of the projects in your class, remember that you are still doing this for academic credit as of the time you are still in the Entrepreneurship course and don’t necessarily have to receive a financial incentive for your work, if the business is generating some revenue already or has the potential to in the immediate future.

This part remains a very confusing part of your project,  should you treat it as a start-up or a class project? My advice is you treat it as a class project at this point. Russ Michaletz, who is both a professor and lawyer at the Economics Department will cover more on how you could help set a clear picture of expectations between members.