How do I handle splitting profits with my investor and partner?
Question Details: I am starting a business online with my boyfriend as my partner. My brother-in-law is giving me the initial investment to start it up. Now my investor wants me to pay him his initial investment back after we make a certain amount of profit and continue to gain from that. How do I address that and how should I split up the profits fairly between the 3 of us?
You, your partners, and your investor (your brother-in-law) can contract to handle investments anyway you want. All you need to do is to write up what will happen very clearly and carefully in a document which the three of you will then sign, turning it into an enforceavle agreement. Then do what the agreement you all signed states.
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