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Johnny Drama
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FionaFell, post: 20485 wrote:
If all 5 people are entering this arrangement, then I suggest getting them all in one room and nutting it out.

A 5 way spilt of assets might be ideal, or perhaps a different way of sharing profits and costs. (1/2 goes between all, and the other half based on performance input to the operations).

I think each of the 5 people need to feel comfortable with the way everyone else is positioned as well as their own spot in the group.

Thanks for the reply Fiona. I think a way of sharing the profits and costs is something that would be ideal. I am hoping there might be a few people on this board who have similarly backed business models and could share some light.

Thankyou once again.