zoobi
Structural
- Feb 23, 2012
- 8
- 0
- 0
Hi all,
I've searched for information regarding a partnership and finders fees being applied to work brought in by either partner.
I found and have read this thread -
My situation is slightly different so would like your opinions on this please.
My business partner and I are in the process of setting up a company and are currently documenting the particulars.
Everything is fine but for the issue over the finders fee.
Our situation differs from the above thread in that my partner has a full time job(not in the same field) and I don't. He has proposed a 20% finders fee, 20% for the work on a project and 60% going into the company to build some capital.
Now I tend to side with the above thread in that as a partnership its 50/50 and everything is for the benefit of the company, not the individual.
I guess my underlying issue with the finders fee is that in my mind it has the potential to be more beneficial to him as he can bring in projects and because I will have more time available I will land up doing majority of the work. My 20% then seems quite a task to acquire than his 20% as the finder.
Any advice on this or is my concern unfounded??
I've searched for information regarding a partnership and finders fees being applied to work brought in by either partner.
I found and have read this thread -
My situation is slightly different so would like your opinions on this please.
My business partner and I are in the process of setting up a company and are currently documenting the particulars.
Everything is fine but for the issue over the finders fee.
Our situation differs from the above thread in that my partner has a full time job(not in the same field) and I don't. He has proposed a 20% finders fee, 20% for the work on a project and 60% going into the company to build some capital.
Now I tend to side with the above thread in that as a partnership its 50/50 and everything is for the benefit of the company, not the individual.
I guess my underlying issue with the finders fee is that in my mind it has the potential to be more beneficial to him as he can bring in projects and because I will have more time available I will land up doing majority of the work. My 20% then seems quite a task to acquire than his 20% as the finder.
Any advice on this or is my concern unfounded??
