Business Deal Question - Am I unreasonable?

[russell_314]

Myself and a friend are equally investing into

Here's my two cents... Do you want to keep this person a a friend? If so run away from this crazy plan. Never get into financial obligations with friends. People by nature are greedy and will take advantage of friendship to get whatever. If you want to go into business you need someone you can trust but also someone you can make business demands to and not worry about hurt feelings.

As to the specific question if anyone is working then they should be paid for their work so no it's not unreasonable to expect wages.

 

[poorcody]

Another thing I worry about is he is your landlord -- that actually gives him a lot of indirect power over you business. He could raise the rent to an unaffordable amount and steal your profit or even force you to abandon your ownership. I would have a lease arrangement included in a partnership agreement.

 

[NY Guitarist]

Bottomline: A person has to work the store and workers get paid.

 

[RokinAmerica]

Labor, as others have stated before me, is a built in cost, just as inventory is. If it isn't profitable with paid labor, it is losing money and by definition, a bad investment. I always have told both my kids and my employees, if it don't make dollars, it don't make sense.