Parntership split in new business

[Wash & Dry]

So what do you think.... is this another SHIP at the bottom of the ocean? We all know the only ship that usually doesn't SAIL is a partnership....

[Lewis-H]

In a business partnership, you can split the profits any way you want–if everyone is in agreement. You could split the profits equally, or each partner could receive a different base salary and then split any remaining profits. This will be up to you and your partners to decide.

[journalist55]

I would give him the 15% every quarter that way you can keep track of the money you are giving him more proactively and see if it works with your expenses as well.