I'd like to ask for some help, it's basically a math problem, but I'm not sure if there's only one solution:
In April 2011 two friends and I bought a bar. Each of us owns 1/3 of the bar. It's a pretty small bar so we decided we would all work evenly at the bar and none of us would get money from the bar since we are still paying some debts.
In August 2012 I decided I'd go back to college, and also decided that I wouldn't be able to help at the bar anymore, specially since I do have a day job.
Now, when the bar starts making some profit my friends and I agree that it should not be split evenly, because from the moment I stopped working I wasn't entitled to that anymore.
We also agreed that changing the ownership percentage to 40:40:20 would be fair.
Now here's the deal, I'm not sure I agree 100% into moving from 1/3 per person to 40:40:20 from one day to another.
Is it possible to have a function that would change the ownership division across time considering the variables involved in a more 'organic' way?
What are my options on this particular case?
I ask this since we've spent this whole year getting our business out of debt, we managed to pay over 60K back to the bank and previous owner - so I feel like I would deserve more than 20% next time we decide to distribute part of the profit.
Just to be clear, the main question is about profit share and not ownership ratio. I don't plan on giving up part of the bar, but I think I shouldn't get the same profit as before.