How should I structure my partnership

[Alexander Hamilton]

What percentage should I give my business partner if he is only used for credit purposes. He brings no cash or labor to the table. I'm not sure how to structure our partnership but I know he doesn't bring 50% value to the table. Please share your thoughts. Thanks

[Deanna McCormick]

I would rather go slow on my own than involve someone that has a say with what I do.

I had a partner in flip and I was the cash and credit,, he was the labor and it didn't work out to my expectations.. so either you both put in the same amount of cash,, and you use his credit and he uses your talent to develop and rehab and you split costs and profits or one of you will get the short end of the deal.   I had to get so much legal paperwork done by attorney in case of death for either of us and other things that once your both tied to a property you have to figure out how you protect and then UNTIE from the property on sale.. how tax stuff works,,,things happen and unless your prepared and have this figured out from the get go.. the going get's expensive and causes issues..