I am starting a new project. The concept is mine and I am putting up all the capital. The man who does web site and platform design for me on other projects would prefer a percentage of the buiness to cash compensation for his worrk. We are talking about 10k to 15k done. He will be handling some day to logistics and is a helpful man to bounce ideas off but will probably bring in no income. If I go the percentage route what would be fair for both of us.
Good question. If you and this man want to be partners, You need a partnership agreement.
A partnership agreement includes
Contribution by partners
Compensation of partners
Division of profits
and many other factors.
A lawyer would be a good start.
Good luck, LUCKIEST
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