The percentage can really be whatever you jointly deem to be appropriate. In many situations, one owner will be solely responsible for the finances while the other will be solely responsible for the actual work. In such a scenario, the parties might agree that these aspects are equally important and therefore make the percentages 50/50.
In your situation, it sounds like you may be contributing a greater portion than your partner. If this is the case, you might consider the percentage of the contribution of each of you and then use that number to determine the profit for each of you as well.
Also, several customers have asked how they may direct a question to me in particular. If you specifically want me to assist you in your legal matter, just put "FOR JOSEPH" in the subject line and I will gladly pick up the question as soon as I am on-line.
Sorry for the delay, I was engaged in some 4th of July activities. At any rate...
If he contributed in anyway, then he certainly has a claim to financial gain should the venture prove profitable. If you saw the movie Social Network or even know the story of Facebook, that might give you some idea as to what might occur. In that situation, two brothers claimed that they gave the founder of Facebook the idea for the social website. When the founder gave them no money, the brothers sued. They ultimately received millions of dollars.
My point being, if he was involved at all, and you state that he was, then you would be wise to ensure that he receives some compensation.
I am going off-line for the evening. Please feel free to respond, if necessary, and know that I will be back on-line tomorrow.
Thank you for your patience.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).