Hello everyone, I'm new to the forum so please excuse any mistakes.
I am currently evaluating a business opportunity that I would do with some friends as partners. I initially brought the business idea to them looking for silent partners to invest.
I would be moving to another city (increased living cost compared to where I live now), doing everything for the build out as far as finding and dealing with contractors. Going to training and also dealing with employees. I would also be managing the place on a day to day owner position. My wife would be the Manager and will simply take a managers salary as any other manager would. The other two investors will be available for their opinions and ideas, but other than that they will not be doing anything else. Capital will be invested based on percentage of ownership. There is potential that the business may become self-sustaining with little to do for me. This is an assumption and the time frame as to if/when it becomes self-sustaining is unknown.
I want to make sure that the profits are split fairly, but I feel like I'm doing all the work and to split ownership evenly would be unfair to me. I don't want to make things sour with my friends but I also want to make sure I am compensated fairly for what I am doing. Any ideas as to how to split the partnership up?
Thanks!
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