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    2 Replies Latest reply on Apr 15, 2010 10:15 PM by josh_sg1

    Interest and captital investment?

    Confirmation Newbie

      I started my project and a colleague wated to invest and became a 50/50 partner. He agreed to match my investment which he has done but part of this was using his personal credit card. We have now finished the project but returns are slow and we are basically covering salaries and putting everything back into the project.I am working every day to cover these costs and dealing with all marketing etc and my partner does not live in this country and is basically a silent partner. He has now given me a statment of the interest from his credit card and says this should be part of his capital. I am shocked?? I used my savings and cash as my investment. Please advise.