Partnership And Money

Jose Verdeja

I have a question reguarding a contract I have recently accuired and am now organizing sub-contractors and labor for. Actually this is more of a clarification for my partner.

My partner and I split the general contracting duties equaly and have been looking for the best bids to repair a large deck. I have offered to do the repair myself and will pay myself an hourly wage on top of the contract. He seems to think that if I do the work I should not recieve an hourly wage and the money is split evenly between us.

Could someone please clarify this for me and my partner.


Thank you,

Jose

SLSTech

What does your partnership agreement state?

Do you guys normally work on an Hourly Rate, Salary or profit only?

Start your own company & submit a bid

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DavidC

I'd agree with what's in your partnership agrement. That is a detail that should have been worked out prior because it could go either way.

FWIW, in our partnership we draw a weekly salary and the proceeds from any billable event go into the general fund which pays our salaries. Last week I worked on a roof all week, this week I expect to be in the office. Same salary each week.

Good Luck
Dave

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