How do CPA JV's work?

Hey guys,

I am thinking about JVing with a member here but I wanted to know how CPA JVs worked?

Obviously I am providing my account to be used, so how do I report that for taxes?

If they guy says he cam make $1,000 a month on it, and is going to pay me $200 I am not going to make anything after paying taxes on that $1k.

So how does it work?



Thanks