How to Partner on A Business Venture

[Bret N.]

I recently opened a WeBuyHouse.com office in my area of Charleston WV and in order to take full advantage of the business this has generated, keep my sanity from wearing from too many hats and to fully put my experience to work i need to find someone to help me with the things I am not good at:

• Accounting
• Organization
• Conflict Management
• Paperwork
• Details
• Scheduling

In a perfect world I would hire a “Manager” to manage the details but being in startup this is not feasible from a $ standpoint, so I need someone with both $$ capital and the skills mentioned above.

My question/problem is trying to devise/determine what the partnership would look like in terms of profit splits?

How do I determine what that amount would be and how do account for what I already bring to the table(Real Estate Broker and 7+ years in REIng) ?

I am good at:

• Deal Analysis
• Fundraising
• Extracting Data
• RE Sales and Contractual
• Lead Generation
• Marketing
• Networking
• Design
• Ideas
• Teaching and Training

On a piece of Real Property doing a JV is clear but on a "Business" I am not clear on the Day-To-Day and determining a $$$ that the ideal partner would bring to the table.

Thanks!