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Updated about 11 years ago,
Profit Percentage in Partnership
Hello BP family, I have a remodeling company. In 2010 I created a partnership with an investor. The investor has 95% of the business because he provided the majority of cash. I invested a smaller amount, manage the company and I use my remodeling co to fix the properties. The profit of each flip is based on the percentage we individually have. I feel that we are putting all effort; for this reason I would like to have more participation or larger percentage in the profits. What do you think it is a fair percentage for this situation? How would you approach the investor? Thanks.