Posted by John Corey on June 18, 2007 at 16:30:15:
There is no specific formula.
See if the two of you can agree something that works. Try to think
about what would be fair if the situation was reversed.
If someone did all the work and someone else put up all the capital
then a 50/50 split is not uncommon. No reason that 50/50 is right. It
just gets done that way in many cases. It could be that you get 90% of
of 1/2 and then split the other half 50/50. The logic is the money
person gets half (that is the two of you so 25% each). The labour side
gets half and that is split based on who did the work - 10/90 in this
Best that you find a way to agree without upsetting anyone. Call it a
tax for not being smarter before you started the project. A paid
education in how not to manage the division of labour and profits. Get
the project finished and move on to the next one. Keep the karma in
good standing as you will need friends for future deals.