Clearing the Confusion With 50/50 Partnerships

Hi i have a issue with me and my partner he wants to go 50-50 in a business but I don't have money but I do have the knowledge to run and get the business going I will be putting that from my side he will be putting money which way would be the best way to go about this. Well wondering if you can help thanks

Hey Brett! I’m in the ATM business and I feel things should be 50/50. I have a verbal agreement from my partner that we are 50/50. To ensure I am 50/50 in the company, what do I need to do? I just want to protect myself on the backend

Damn you are good...

Hey brother I have a business partner we opened a recording studio together llc we both are 50/50 I’m never around but my partner is always there and he is the engineer there since we didn’t want to hire anybody , so now he is a business owner and he is a a worker at the same time he is getting pay 10$ a hour for recording sessions as a worker and 40$ a hour is what the recording sessions are going for . So he is making 10$ a hour and than we are splitting the other 30$ left ... what do you think I should do as a business owner .. and plus I’m never there I’m getting pay by not bieng there

I am a 80% patron and my partner that has 20% has missed over 200 hours of work this year. He doesn't contribute anything . All the operation are paid by me. He dropped $20,000 last year, this year I have put in another $30,000. I feel his ownership should be %5 because he's costed me more money than he has put in this season . I own a farm, farms need workers. I just want him out he doesn't like anything i do . But I am the one making $6,000 in sales a month And putting it right back into the operation. By next april sales should be $15,000 -$25,000 a month.I have to build up my breeding stock. in 8 weeks my inventory will triple where i will have $18,000 new inventory every month. We have no business agreement Should I make one out requiring him to work 40 hours a month as he agreed? I think it's better to get a loan than have a partner ..Thanks Angie

You really help me to out... Wow you are damn good.

How bout if the partner is only an investor I’m doing all the job can we still do 50/50??

Hi Brett , one of angel investor liked my idea and agreed to be a partner for 50/50 he wants to lead marketing and get the business deals. We have spent 3 months in preparing pitches and also he has let me get one client. Also pushing me everyday. He is 10 yrs old than me and also looks stable in life. I am more on tech side and he accepted me as ceo. We also agreed on vesting schedule , should we go ahead what are risks involved . What factors should I consider

Two partners own a van
They are going to split it 50/50
There are moderate costs in getting it sold.
One partner does all the work and spends money to sell the van
Van 580$
Advertising 60
Battery 20
Change tires 70
The van sells and the
Partner with nothing invested wants half..
Fair?

Nice video.
If I work on a project and spending my ow money to build it and my time for years until I make it and suddenly I can’t complete it because of cashflow issues then I get a partner who can help on the development side that I am not Develper why should I give him 50% of the project?
Can you explain that please?

Hi Brett. First of all great name. Also one of my sons name. I listen to you and got approached with a partnership as I had a lot to bring to the table so I got the call and invited in and he wanted to go 75/25 as partnership. Doubled the business and income in under 60 days. Invested money and workers and a lot of time. Then he locked me out literally of our business and told me to kick rocks. So I have no clue where to go from here. Like you said in other videos vague contract with something more solid on the backside. So we did 75/25 with me covering “nominal” fees. This happened 2 weeks ago and am kinda confused about what direction to go in now.

Thank you Brett, I want ask you about if you want to be a partner with a big company to start sale them products in another country outside Canada and they said me split of business ( Is it 50/50? Is it 60/70 Etc. ) , what's your opinion about this agreement? What is my answer for them?

Thanks Brett, I started a business with a friend and felt things were going weird and made the decision to talk to him about it. He came out finally saying he didn't want to do it any longer. Thankfully finding out now instead of down the road where it would be really confusing and not working out the best maybe going into a mediation. I just watched that video btw.
I'm just at the point what to do now legally. I don't know a lot about it, however am willing to learn. Do you have any videos about what to do legally to remove the other person from the business entirely? There's the portion where both of our names are on it and it's going to be me only. I can take this head on, however I could use a few pointers.

This was very helpful for me. My friend and I are starting a buisness and we have decided on a 50/50 structure. Also in the comments your reply about compensating money put in and then 50/50 profits is what we have already talked about as well as your point about how much work one partner might put in and should also be compensated.

There is no way to kick you 50% partner of the corporate

thanks awesome video ,I am building a software company ,and I plan to include my friend as a co founder my friend has not done anything for the company yet(he will be the publicist for the company ). I am the programmer and I am building everything from scratch , I am also skeptical about 50/50 , how do you suggest I share ownership we plan to finance the company by ourselves

Hi Brett, i am planning to do a partnership with my blinds business to my friend. I just want to ask what share percentage should i offer to him because what i can contribute is the skills and marketing and my partners only contribution is only to finance it meaning he will shoulder financing the shop to built and the rent for 6 months and after that our agreement is expenses willbe taken out of the profit. Now he demands 50/50 is it reasonable that i will be the one to run the business? Thanks!🙏

Do a 50/50 and then if theres a stalemate then play chess or sorry and whoever wins that game then get to make the final decision.

Doing my due diligence on general partnerships looking for any loop holes and came to your video. I agree with you. I feel confident in a 50/50 partnership whereas this wont work without the other. We each have a significant role in our partnership and know where those lines are to trust one another to make those decisions based on our experience. Also I might add it helps that we both value the risk assessment of a job and cutting corners to save money is not an option. Thank you for sharing.

Hi I am in a crappy situation I am the rain maker in the business unfortunately went into a 50/50 to start the business we both have different goals / work ethics the problem now is I have a ball and chain around my legs but the business is very successful not sure what to do this is becoming toxic

Hi Brett
Great content.
I have to ask, what are the mug shots framed on your wall, is there any significance?