My husband and I own a company which we started 3 years ago. We have two employees currently. In order to grow and expand, we know two of us are not enough to create and build a more profitable company, we found two members to join us:
- A friend of mine, strong in management, research and finance
- A friend's friend, an IT manager. He has the IT skills we need as we are an eCommerce company and neither my husband nor I do IT, we have been outsourcing.
We currently have about $150K in business, generating $20K a month. With new site launching next week, we expect our income to at least double/triple.
My friend can invest up to $20k, and the IT guy has no money.
I want to be fair to each of us four, but how to be fair and at the same time keep our reasonable share? Since we created the business and created new ideals for us to work together.
How to split the shares and reward each person for their input?