What would you do? Profit Sharing Question
The site we are creating will be a nationwide site in the financial industry. We are setting up the site, a forum, a membership site, youtube channel, facebook page, twitter page, maintaining all of it and doing all the marketing for it.
All the content is created by the client. He is the financial expert.
There are two main partners besides me. One is the content creator. The other's job is for legal help and to contact potential advertisers.
My question is: What is a good percentage for all this work? They would like to pull in $75,000 per month with the site.
At first they offered 5%, then they raised it to 7.5%. One of the partners told me it should be more. I have a meeting on Friday and would like to finalize the agreement before going any further.
Do you think I should have the right to know what each partner's percentage is and where all the money is going?
And what is a fair percentage for me?
Thank you for your input.
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