How To Split Profit With Partner?

Business By adonisthegreek1 Updated 6 Apr 2008 , 1:08am by misha35

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adonisthegreek1 Posted 3 Apr 2008 , 5:54pm
post #1 of 2

I am considering going into business with an acquaintance and I am not sure how to split the profit (once we start making some). I am only looking to cater dessert trays, make made to order candy and cakes.

She will be the PR person to get customers and I will be the pastry chef making everything. She is very lively and outgoing and has good contacts from previous jobs. It will be my business and I will handle the licenses, including cost. I will also be the one purchasing ingredients.

How do we split the profit?

1 reply
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misha35 Posted 6 Apr 2008 , 1:08am
post #2 of 2

I would think if you are doing all of the caking, your time investment would be much more than hers.
I have a real estate friend who uses a person for advertising - sounds like a similar thing here.
I would think it would depend on the amount of work she does for advertising, getting your name out. Possibly a per referral charge also depending on how your advertising is set up
Good luck!

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