I've started a website that has gained significant popularity. While we don't make any money yet I now require the help of another person. The individual that I have brought on lives in Sweden. I want to put something formal in place so that he is accounted for in the event that we do start producing revenue. Ideally I would like to give him a percentage the entity (whatever that end up being).
What is the best, most inexpensive way to make sure my new partner has peace-of-mind I won't take advantage of him? Keeping in mind that this person is lives abroad.