What should be the ownership breakdown for the below business?

I am starting a business with my friend. The start up costs are $15,000 which I am paying 100% of. He will be doing most of the grunt work and be getting a 10 dollar an hour salary (if he was not part owner the standard salary for the work he is doing would be about $17.00 an hour) I will be doing the bookkeeping which will probably take about an hour a day and I will not be taking a salary for this. What do you think would be a fair ownership percentage in the company for each of use based on the above? Basically he is the one with the expertise in the field of business we are going into which is why he is going to be part owner (short story is I could not do this by myself and I wouldn't trust anyone else to go into this kind of business with due to the fact that I don't know anyone else with his expertise, also if he is part owner he will have more incentive to do a good job). Once the $15,000 has been spent we will share in the profits and costs of the business based on our ownership stakes (I am not paying for everything forever). So what should those ownership percentages be fore each of us? Anyone?

Asked By: - 1/28/2012
Best Answer - Chosen by Asker
well Ryan... More
Answered By: sam d - 1/29/2012
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