What is the fair profit percent for silent partner in a 2 person partnership?
lovejunkie123 asked:
What is the fair profit percent for silent partner in a 2 member partnership?
The silent partner would act as a broker/liaison between me and vendors as well as providing wholesale products, drop-ship vendors, with who he already has connections with; I would have most control over the company and would be doing all the work that comes with running a business.
What is the fair profit percent for silent partner in a 2 member partnership?
The silent partner would act as a broker/liaison between me and vendors as well as providing wholesale products, drop-ship vendors, with who he already has connections with; I would have most control over the company and would be doing all the work that comes with running a business.
Any help would be great, thanks!
Path to Profits
Tags: Act, Business Help, Control, Control Company, Drop Ship Vendors, Liaison, Member Partnership, Person Partnership, Running A Business, Wholesale Products
Computers and Internet | thecbkiller February 28, 2010
1 Comment to “What is the fair profit percent for silent partner in a 2 person partnership?”
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By j, March 3, 2010 @ 7:53 am
A silent partner basically does nothing but supply, and then eventually collect, money. What you’re describing is a regular ol’ partner. 50/50
If you don’t want to go 50/50, then you need to hire him as a contractor and pay an actual salary.