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?
- Auto Accidents
- Child Custody, Support, Adoption
- Collections and Debt
- Consumer and Lemon Law
- Criminal Defense
- DUI / DWI
- Divorce, Marriage, Alimony
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.