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Partnership Financial Arrangement

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designpartner

Junior Member
What is the name of your state? Texas

I have a graphic design business I formed with a partner in 2005. When we started, we both had full time jobs and worked the business part-time. It has grown tremendously and is doing really well. She was able to quit her full-time job and work our business full-time the beginning of 2006. Because of my other financial obligations, I am still part-time for now. We are trying to determine a fair payment structure. Since we are partners, should everything be 50-50 or should I be paid half what she is paid because I am part-time? We haven't been able to come up with something that seems fair and I need advice as to what is best practices. We'd like to draft a contract (since we didn't do that in the beginning) to cover us since the business is taking off. I should note that I designed the logo, website and much of the creative collateral for the business. And I was instrumental getting the business up and running. But she is putting in a lot more hours at this point. And I just want to be fair to both of us. Please help.
 



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