i am looking to enter into a new partnership with a friend that has currently owned his pizzaria for 4 years, i have some experience in the food business but not in the pizza business. i have found a great location that i initially wanted to do a franchise in but was not able to due to other tenants conflict of interest so i turned to my friend to see if he wanted to join me in the opportunity. we are going in with 50% each financially however i could put more. he will only be helping me run the resturant in the begining but then it will all be me. my questions are:
1- what should the percentage be ?
2- if we do 50/50 should i take a salary or get paid hourly for managing the business ?
3- should i have more decsion making authority ?
4- what should the operating agreement include ?
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