Posted by Mike on March 04, 2002 at 15:39:22:
Well Almost anything can be worked out if you have 2 things you can come to terms and agree on. 1. Determine What the split (On the profit is) is in concrete 10% 5% 50% whatever it is get that in writing. 2. Agree on how and what accounting methods will be used to determine profit. with those 2 items spelled out clearly then all others can be resolved pretty easily. I have been working in a partnership now for 3 years and it is working fine because we have those 2 questions clearly ironed out.