I do more work then my partner, how do I get more than 50% of money?
Provided by: Jennifer Kirschenbaum, Esq.
December 7, 2017
I do more than 50% of the work but only see 50% of the revenue. How can I get my fair share?
Yikes! This is a very loaded question that I absolutely cannot answer specifically without eyes on your corporate documents (operating/shareholder agreement, employment agreement, etc). Generally speaking, your ownership/salary rights should be governed by contract. How that contract may be modified is also likely governed by that contract. Smart productive partners base at least a portion of their compensation on productivity - so that sloth partners get sloth returns, and productive workaholics reap what they sow. Now, if that is NOT what you have negotiated, then we have a bit of a problem; we will have to navigate modifying your deal in the confines of your current documents - which can be hard. We also will obviously will have to contend with any partners who have been reaping the benefits of your hard work - and most of those individuals will not part with the extras willingly.
As with most situations I encounter - properly papering on the way in is much more efficient then working things out in the middle (or, even worse, at the end - which the middle often becomes once you try to rework...). Anyway, send over the documents and we'll see what we can do...
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Contact Jennifer at Jennifer@Kirschenbaumesq.com or at (516) 747-6700 x. 302.
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