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Updated over 2 years ago,
Partnership Questions for first time partnership
Hello,
I am working on a partnership with 2 other partners. I will be doing all the legwork and my partners are responsible for the funding.
This is how the profits will be split: Myself 50% Partner 1: 25% partner 2: 25%
I believe I am justified for the 50% because I came in with the plan, did all the work (I have a construction background), and will manage the property. The other half of the equation (the financing) was split between two individuals.
Does this seam fair? I want to make sure I am being fair before I present these terms to my partners.