R
RichardWakeman
Guest
3 1/2 years ago, I entered into a partnership with another individual. We develop software - He does sales and I do programming. We had no formal agreements at the beginning.
As time has gone by, I have been unable to put full work days into the business, as I have other personal responsibilities which make it impossible for me to do so. But on the other side, my partner puts in 8-10 hours a day on the business.
Lately, he came out with his frustrations, in that he feels that since he works more hours, he should get a higher percentage of the business income, even though, my work is vital to the functioning of the business, as is his work.
What is the general rule on this, if any? Should I agree to take a smaller percentage? Should I demand an equal share?
Thanks!
Richard Wakeman
[email protected]
As time has gone by, I have been unable to put full work days into the business, as I have other personal responsibilities which make it impossible for me to do so. But on the other side, my partner puts in 8-10 hours a day on the business.
Lately, he came out with his frustrations, in that he feels that since he works more hours, he should get a higher percentage of the business income, even though, my work is vital to the functioning of the business, as is his work.
What is the general rule on this, if any? Should I agree to take a smaller percentage? Should I demand an equal share?
Thanks!
Richard Wakeman
[email protected]