Question
I have a renovation firm and are currently working on two major projects. However, my business partner has not been providing any funds or financing in these two projects. The only thing he could do is to provide project management on one of these project. As for me, i have been funding the two projects and are handling one of these projects at the same time with him. So how are we going to split our profits among ourselves. Take note that he does not provide any funds or financing to the business which i have to carry all the expenses.
Answer
Does your business provider add value beyond money to counter balance?
Normally, you would share profits according to your ownership stake. If you aren't happy with the current ownership split, maybe you could buy some of his shares.
