The Ultimate Guide About Profit Distribution With Your Business Partner

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Title	:	The Ultimate Guide About Profit Distribution With Your Business Partner
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Sorry, it is not by far n away the "ultimate guide"
Comment from : Right Right

I have a question How do I turn my book idea into a business partnership into a board game and podcast What are the estimated start cost and what is the process?
Comment from : Antonio Sherrell

I’m in a 50/50 partnership on a physical Therapy business that obtains much of its business/clients from my Training business We supplied all the equipment ($250k) as well an an existing clientele and book of business, they put in $100k The business opened 2 weeks before the Covid shutdown but continued to pay our GM (as we pulled him from other employment) Fast forward to 2022, we have yet to turn a profit We have nearly $100k in billables to be collected from insurance but in the meantime must pay bills They refused to put in more capital where we had to put in $60k to keep the business afloat (My training business depends on the therapy business) As money starts to come in, they feel as entitled to a “distribution” Unfortunately there was no operating agreement How should/could this be resolved?
Comment from : The Trench Academy

Thanks Evan Really insightful
Comment from : kelly Igilar

What do we call the owner of the company
Comment from : Soiana Tupuola

If a company is worth $5m, it means a share is for 500k (based on 100 shares), if am interested in buying the share, will the company ask for an increased amount or will the share be sold at 500k which is it's normal value
Comment from : Stevoski-N

Hi Evan, brWhat’s a fair partnership structure and percentage to set up If I am a silent partner investing with another partner who will be the 100 working partner in a franchise business? I would be essentially buying into the shares of the company Thanks
Comment from : J G

Hi evan, I have a question Let’s say there are three partner who had started their business with the equal share holding and than after 5 years, they have to add any new partner with the equal amount of share holding means all the four partners (three old partners and 1 new partner) will have 25 of the company So how to decide the worth that what value that new member has to pay to the 3 old existing partner for getting 25 of equity? brbrPlease answer this question brThanks in advance
Comment from : j p

videos with hand responsive content social marketing media
Comment from : Eric Sanchez

committed to give back small bussiness community where we live and work
Comment from : Eric Sanchez

help me out here I recently start a youtube channel-Prisoners Voice Jamaica i have a two persons who ask to work with me to do video and picture graphic how do i go about this sharing percentages i gives the story and promote the channel
Comment from : Prisoners Voice Jamaica

Google plus ? Haa
Comment from : Chisha Zed

Here's the question: my family member has contacts in tanzania for coffee beans and other things So he has the link He will be working fulltime in his other job and has a family so has no time (although he says he does) I am not married have no commitments, no kids and will be working full time on the company What is a good percentage split you reckon is fair?
Comment from : Mirza

This right here is good-valuable information Thank you ‼️
Comment from : Dominique Gordon

Thank you Evan
Comment from : JunPetsWorld

Evan, thank you for sharing these great information!brbrwhat other ways are to have a team member at the beginning of a business without being partner? brDo you have any source to explain in details? brHow and when to pay, contract, and what steps should be taken from the beginning!
Comment from : See

You should go to a "corporate" lawyer That person will know what legal things you have to accomplish Little things like, have you made sure your business name is available for you to use or will you get sued by another company using the same name? Are you an LLC or a corporation? Very important to protect you and you personal wealth Do you have an EIN? You need one to set up a business bank account, etc, etc, etc You might want to contact your local SCOREorg mentor We are available to help you without any cost! Just go online and put in SCOREorg and press find a mentor
Comment from : Leslie Manix

Hi can someone help me? Is it a good idea to start business partnership with my friends? (we're 3 people) I'm working freelance, but I do have time to handle the online business I will also be responsible for Branding and Graphic design for it I also have background in marketing But the other 2, have work full time And don't have experience in starting business or in such But they always nag me to start a business and partnership with them
Comment from : Marxii Basic

Thank you
Comment from : A A

Great idea on the percentage buy-in for hitting milestones! *in coordinated, paced effort with the company's production growth capacitybrbrThanks, Evan!
Comment from : Good Life Greenscapes Brexico

This was great video thank you _ Sudan
Comment from : W omerosman

I know someone who got offered less than one percent after they did most of the research and curated the idea, wrote the grant Only because they don’t have 20 plus years of experience and are young This is why millennials can’t move forward with their life’s Older generation people and old mentality Or am I wrong do they deserve that much?
Comment from : Marisol Balderas

great video!! Here in 2020 big thanks Evan!!
Comment from : Alex Hampton

Ufx
Comment from : iobo com

Yrs
Comment from : iobo com

Fou
Comment from : iobo com

Vh
Comment from : iobo com

Where do I even find such potential partners? I went through several candidates, some highly educated but they have little value, zero business sense even after attaining graduate degrees
Comment from : ⃢ ✅

Thanks a lot
Comment from : danu Michael

Evan is legit
Comment from : Lord Frederick Russell II

Evans thanks for the video it have been helpful I am starting a business with a friend and we want to invite partners I want to know what will be the best percentage to keep as co-founders
Comment from : Ameyaw Meshack

2020 this is so helpful to me today
Comment from : Lombe Kapaya

i have operated my business since 2012 My sons father who we coparent suggested he brings in money for expansion and we hace a shareholders agreement of 50 each Is it wise to allow him invest in my business, bring in the money and my input will be looking for customers,making profits,managing the business My business is doing well currently and i operate debt free is it wise to trust my gradual process as an entrepreneur or continue with partnership where profits will be shares into two
Comment from : margaret wangui

Great advice thank you
Comment from : Zahid Ali

Wonderful insights Thanks
Comment from : Nawa Kai

I have a quick question, I am going to be starting a business, and I have a friend who has been helping me out, the thing is they won't be paying for anything and they are just helping me out and working with me Do you know how much of a percentage I should give them, or if they are considered a partner?
Comment from : Fjr

How do you design a deal which is a combination of a stake and fixed salary for the new partner whom you plan to bring in your business? How to arrive at a fair salary to be paid to the new partner?
Comment from : siddharth motiwale

What is the minimum share should I get in order to get a reasonable profit if I invest Rs10 lakh ( $14,000 USD )in my friend's business He started his business 18months back Please help me
Comment from : naorem sana

Dear sir, i am going on 4 years working with a small construction company I have an opportunity to buy into the company I have been loyal and hardworking but i am at a point where A I need more earnings to stay onboard or B I go start my own construction companybrWhat should i do to present my value to my boss vs me leaving How do i value the company to properly buy into My friend said i shouldn't offer money at all, my loyalty is enough to earn a small percentage of revenue Please let me know, thank you Your videos are great!
Comment from : miasma19

@evan Carmichael I have a question I am starting a business I've been in this specific industry for 20 years My friend and I have known one another for 15 years She and I have worked together at 3 different companies and work very well together I work extremely hard and so does she We are similarBUT there are also differences at the same timewhich allows for a good balance in terms of perspective I thought about this quite a bit before asking her Of course I could do it on my ownhowever I know that when things hit road blocks, it is great to have someone with you Someone who is just as passionate and has the resilience to make a positive out of a negative She also has strengths where I have weakness In certain areas As far as the name, the recipes etc that is soley meincluding the idea and putting everything in the outline together I would like her to be a part of this but not 50/ 50 I looked at many types of partnershipsbut I am still stuck and am wondering what your opinion is In terms of wanting someone to join to cover particular aspectsbut not 50/50? Please help
Comment from : real fairy

Awesome video! This helped tremendously
Comment from : Rich Fontaine

Hey, brEvan Carmichael , how are you?brI would like to Ask you About to Explain the Partnership formation, in your way of explaining
Comment from : S A I F U L L A H

Awesome
Comment from : Khoi Do

Hey We are three cofounders currently Started biz 4 years ago Setup small factory Current shares division is 40 35 25 between us We have put $70,000 from our pocket by now Now we have a new cofounder joining us for scaling, networking and bringing in investors How should we divide equity when we are wanting to offer him a share, and what amount of money should we expect him to invest from his own pocket? (capping of 20) (he runs low on personal pocket)
Comment from : Ayush Sharma

Sir what should be the when the person is contributing nothing except her name is used to register the company and an account is opened for company dealings in her name
Comment from : Rashmi Sharma

Having been a lender to start up companies for many years, I really like this video I wish all business owners would see this before bringing on a partner
Comment from : Leslie Manix

but happens if you need share it between 4 people
Comment from : James Nuka

My partner is my good friend I want to get rid of him business idea is mine research my mine investment is 50/50 I have made blunder of giving him 50 how to get rid of him
Comment from : Saad Sohail

Thanks evan
Comment from : Kirankumar

Thank you This was very helpful
Comment from : JUST SHEA BUTTER

Doesn't percentage of Investment dollars matter?
Comment from : dudeasp1

Evan, I live in a small Island and work for a mechanical installations company thats been around for 14 years Because the company has recognition I suggested to my boss that we introduce an Architecture and Construction Management department run by myself with increased remuneration as those are both my strengths After a year and a half he suggested to move on it but as a separate company that is completely independent of the current business with no input from himbrSo in actuality he wants me to start and run a business for him with the strengths that I possess but he wants to own 100 of the company His only input will be the seed money of $10,00000 and zero involvement My question is, should I ask for a large portion of the equity since all responsibility will be mine or should I walk away and start my own bearing in mind that the this is not a bridge to burn
Comment from : Deb OW

you can skin this cat?
Comment from : Alex Kearney

Hi is this thread still alive?
Comment from : JJ Engelbrecht

Hey Even I’ve been looking at a business that has a lot of potential it hasn’t seemed to be growing too much lately I feel like I have a lot of ideas to contribute to the business, which in turn will hopefully make a profit brbrI was thinking how I could in put those ideas but also being able to profit from them How do I approach the owner about it I feel like I can’t just say hey I have ideas to grow your business can I buy 20 or so of the business off you brbrJust looking for advice thank you
Comment from : Kezz Gaming

Thank you Evan! I noted everything you said as I really needed it
Comment from : Pedigree Moseja

When do you split the profits and how much money should stay in the account? My partner (this is for a start up) says that the percentage is equity and it doesnt get split unless the company is sold That we would just bonus out but have to leave money in the business account
Comment from : cheddarballs

Love you man
Comment from : The Secret

i have an existent company but am trying to bring in a patner what are the process although the partner is just coming with capital to invest
Comment from : Segun Olukuewu

Just met my business partner and im thinking about how to date her but one catch she might be lesbian How should I handle this ? Just try to be professional and test the water to see if she's gay? How do you find out if women is gay?
Comment from : D Neuman

What if your dad is the partner you want he got all the knowledge but you the business minded individual?
Comment from : Chillaxin

Excellent advice thank you so much
Comment from : Starheart2♥

🔥#WolfeLoco💯🐺💯#NWCoastENT🔥
Comment from : © WolfeLoco ®™️

Hi, I need investment in my business and my close friend is interested in this But he wants 40 partnership, He is saying, he will not interfere in my workbrTerms are:br1 My salary will seprate from profitbr2 From rest of profit, 20 for company growthbr3 Balace amount we will divide in to 40/60 sharesbrbrbrThis is my first BusinessbrbrPlease guide me in this
Comment from : Nitesh Valecha

1:20 that's exactly how I feel right now
Comment from : Victor Fox

HiI am about to buy into a business with two other persons equally so we all have 331/3 shares however they dont have any money to invest in the businessI will have to do that is it fair for us to share the profit equallyplease help
Comment from : Antonett Green

I am a chef and i have an idea i want to get people to come for money to invest small start up restaurant i will be the only one executing everything construction daily operation and marketing hiring people ect how do i give value to my idea and work i willput up How do you give equity I will also put same amount of money they will put in?
Comment from : Ashley Del Ro

Thanks This is very usefulSo what if you need an investors for your new business idea but you are scare that if you pitch to them they might steal the idea?
Comment from : THABANG COLEEN

How do you know what your business is worth?
Comment from : Trish Belsham

I like your videos Would like to see videos advising the other side For example, I told my boss that I was leaving the company simply because I have another opportunity which will offer me more success for years to come I have been 17 years with this company She offered me 20 equity and 1 additionally each year She owns 100 of it I will get a lawyer to understand what does this even mean Maybe you can do a video to help me see from my perspective, give some key pointers Thank you
Comment from : TheJ

Hi Evan, we don't have such things as VC or angels here but can you advise if I wanted friends to donate money to my new venture how do I sell the share and how much would a share be, how do I decide on this
Comment from : Rv Greg

Timely!
Comment from : Paradise EJ

Evan, good video I have question through Someone asked me to be partner with them in existing business I am not sure how to look at it The firm has been around for 8 years and has about 25 employees I was offered a minor percentage but not sure how to look at it Thank you
Comment from : Mohammad Alenezi

How can i decide the percentage of equity to investors ? Pls reply Thanks in advance
Comment from : rjan radotra

Hi @evan I have a small business but I want to make it big of course But the problem is money I was searching regarding venture capitalist , I just want to know how many percentage goes to vc? Thanks
Comment from : stelarlorejo

Thanks How about if he or she didn't give capital but gave something valuable like her recipe? Thank you God bless, Proverbs 31
Comment from : SevenDeMagnus

Great advice
Comment from : Travis Wright - playwright

What happens when you already are in business and you did not start the process before you got going brIs it possible to stop and put an agreement in place? brbrThx
Comment from : MichealsonofGod

Hi Evan, great information could you please tell me if a person have his own property to start a business but no money for investment and if he find any investor how will it work and how much percentage a investor and property owner will get thanks
Comment from : Adnan Ch

Hi Evan, brMy name is Jonkeo and I have a small men’s fashion company I have a potential partnership coming in and he would like to invest $45K and also working with me I’m thinking to give my inventor 30 of my company, but I don’t want to give him 30 at the first year My question is how can I tell him? Please any suggestion? Thank you very much for your time Btw I learned a lot from your videos and thanks once again
Comment from : #Sabaidee #ສະບາຍດີ

great video, but you gotta chill with the random cuts, split screens, and B&W shots
Comment from : Buckle Dealer

I will be starting a business with a friend I have the money but I do not have the skill He needs me because I have the money, I need him because he has the skill and he knows the ways I am thinking and wondering if I should I get more share because I am the one who is risking my money to the business I hope you can reply asap because we will start by Tuesday next week 100k USD start up that will tripple in four months How should we divide the 200k income?
Comment from : Travis John The Brave

Great stuff
Comment from : Zeta Reticuli

Good qualitative advice If you want to get quantitative and more specifically "how-to", see Slicing Pie
Comment from : Bill Brasier

Hi Evan, check out wwwSlicingPiecom, it's an easy way to get a perfectly fair split with partners It solves 100 of the problems with traditional splits (like determining value or shotgun clauses)brbr-Mike
Comment from : Slicing Pie

great info!!
Comment from : Moe Money

you really are incredible brother! Each time I have a question or am stuck and my mentor isnt available I know exactly where to go to Evan Carmichael, literally my "online mentor" so thx man you doing really awesome work!
Comment from : David Mostert Vlogs

What type of share a start-up (Pvt Ltd com) should issue, equity or preference
Comment from : Ramesh Kumar

plz promote my channel and help us to grow
Comment from : Utkarsh Kumar

thank you
Comment from : Sam khoury

Who do this I really want to do it
Comment from : Melinda Johnson

so much and brief information but very relevant I needed this thankyou
Comment from : D B

well , actually i didn't get 18 yet , and i gotta work online , i have all the requirements i need but my only one problem is recieving payments in any kind of a bank account and i need someone to recieve payments instead of me in that company , so i am wondering wether i turn him into a business partner or a money manager ??? solutions ??
Comment from : RN Grover

What if after he hits all the milestone of 20 and after that he stays idle
Comment from : KFC

1) my partner is more of an idea guy, but he said his parents want to indorse in it he also has connections to the (future) buyersbr2) it's a start-up business
Comment from : Anchy I