Pago na entrega
For this project, we are offering 33% ownership.
We are currently a team of two developers, so we are offering equal shares.
This project will run alongside an existing project with thousands of members - UK-based.
Main site: [login to view URL]
A contract and an NDA will be provided via Adobe Sign.
Our project description:
The ‘Planner’ is a web-based kitchen design application developed using a stack of modern technologies, including React.js for the frontend user interface, Bootstrap 5 for responsive design and styling, [login to view URL] for rendering the 3D visualization component, and A-Frame for enhancing the 3D virtual reality experience. This application empowers users to create intricate kitchen layouts, defining dimensions, layout preferences, constraints, and fixtures. Users can select from a library of cabinet configurations and arrange them in a 2D top-down view. Additionally, it offers an immersive 3D visualization feature powered by A-Frame, allowing users to explore their designs in three dimensions and capture images for reference. Upon completion, the application generates a comprehensive PDF document containing an in-depth breakdown of selected cabinets and components, facilitating effective planning for kitchen renovation or design projects.
Here’s how this arrangement typically works:
Voluntary Contribution: The developers are essentially working on the project as volunteers or without immediate financial compensation. They are dedicating their time, effort, and expertise to the project with the hope of eventually sharing in the project’s success.
Profit-Dependent Compensation: The developers will only receive compensation when the project starts generating profits. Until that point, they may not receive any payments for their work.
Profit Distribution: Once the project becomes profitable, the profits will be distributed among the developers based on the agreed-upon profit-sharing arrangement. This distribution can still be split equally (33% each) among the three developers if that’s what was initially agreed upon.
Documentation: Even in this scenario, it’s essential to have a clear, written agreement in place that outlines the terms of the profit-sharing arrangement, roles and responsibilities, and any other relevant details. This agreement should specify when and how profits will be calculated and distributed.
Risk Considerations: It’s important to recognize that this arrangement carries a higher level of risk for the developers, as they are investing their time and effort upfront without guaranteed compensation. They are essentially sharing in the project’s financial risks and rewards.
Tax Implications: Developers should be aware of the tax implications of receiving profit-based compensation. Depending on their jurisdiction and tax regulations, they may need to report their income and pay taxes when profits are distributed.
Timeline: It’s also essential to set clear expectations regarding when the developers can reasonably expect the project to become profitable. This can help manage their expectations and financial planning.
This type of profit-sharing arrangement is common in entrepreneurial ventures and startups where there may not be sufficient initial funding to pay salaries or fees. Developers who choose to participate in such projects should carefully evaluate the potential risks and rewards and have a well-documented agreement in place to protect their interests.
For full understanding. There is no salary, no milestones, we split 33% of all profits on completion.
Asking about this, obviously means you have not read the listing.
UK/European devs would be more suited because of the time difference. Closer to GMT is better for us.
Please, agencies do not contact me you will be ignored and blocked.
We are looking for a single developer with a personal interest in this project.
WhatsApp: +447533381767 (Initially: message only)
ID do Projeto: #37245492
Sobre o projeto
61 freelancers estão ofertando em média £4061 nesse trabalho
Hello, Joshua. How are you? I'm very familiar with web development 8+ years. So I'm very interested in your job and confident to finish your project quickly & perfectly. Looking for your reply. Best Regards. Pavel.