Should it be a percentage?What should they put in the company? ( MONEY)
What should their responsibilites be? Any other info.
2006-10-26 13:58:40 · 4 answers · asked by wjms08 1 in Business & Finance ➔ Small Business
A co owner should make back the same percentage as is put in.
If one does the work and the other only provides start up money then here is my suggestion.
The worker takes out a base salary first each week (agree to how much upfront) and then they split the extra profits on a monthly or quarterly basis.
If both put in equal amounts of time and money split it evenly.
2006-10-26 14:06:03 · answer #1 · answered by my_iq_135 5 · 0⤊ 0⤋
Depends on the gross reciepts of the business, the profit, the cash investment of each owner, how much each individual participates in the business, how much equipment was contributed by each partner, etc...
It depends on each partners ability to contibute to the business in both time and money. Difficult question to answer with out knowing the personal and financial situation of each partner.
If form a partnership - you would spell this out in the partnership agreement. For a limited liablity company you would spell it out in the operating agreement.
2006-10-26 21:02:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How much $$ in what city ? Beverly Hills ? Bismark North Dakota ? Totally NOT enough info and
The % out (of profits after expenses) should be the same as the % in at start up.
2006-10-26 21:08:02 · answer #3 · answered by kate 7 · 0⤊ 0⤋
there should be a shareholders' agreement spelling this out - especially the part about when one wants to quit etc....
2006-10-26 21:03:05 · answer #4 · answered by Smilin' Fred 4 · 0⤊ 0⤋