Hey blackhat friends, I have a serious question that some advice would be greatly appreciated on. I have a full time job directing an info marketing company. I don't own the company myself but I do get a nice salary along with a 15% stake in ownership of deals that get done with students from the company. The owner can sometimes be all over the place so it can be stressful. Over the past year I've picked up several side jobs doing local internet marketing. I'm not actively promoting myself and these jobs came via word of mouth. I'm confident that if I had to I could go out and gather up enough business to replace my salary within 3-6 months in the event I left my job. I just don't have time to build this business while working for the other company. Enter my My father in law. He's a mid 50's ex International Sales Director & Product Manager for a fortune 500 company. He used to get paid like $200k a year for this stuff. After working for the same company for 30 years he was fired because A) his salary was too high B) Medical cost were too high C) The company was cutting costs and shifting to younger sales staff. He's got a huge list of contacts in my area for businesses of all shapes and sizes. So, he's seen how easily I'm able to sell these services and has offered to build a pipeline for me while I focus on my current job. He would handle all client interaction while I simply sourced the jobs and provide quality control. He wants to start a company and split the profits 50/50. Also see the potential for creating a much larger local company is greater with him on board. My concerns are as follows: 1) I feel like I should get more than 50% BUT being that it's family I would almost feel more comfortable in a evenly split scenario. 2) I would be worried about the possibility of loosing my job and being forced to make ends meat doing freelance...I now would have time to focus on sales and clients but would still be forced to split my profits. 3) I feel like I still have alot to learn before I would be a good partner and the idea of testing this out with a family member makes me a bit uncomfortable. If anybody has any advise about this situation could you please drop some knowledge on me!!! - Is 50/50 fair? - Are there things I'm not considering in terms of complexity working with family? - Is there a better way to work out this deal? - Any other advice...PLEASE!!!