Need outside perspective on a business partnership situation
I’m planning to start a bhature chole franchise with my uncle. We’re putting in all the investment ourselves (around 5 lakh+), taking the financial risk, handling setup costs, franchise fees, equipment, rent deposit, etc.
I wanted to bring one of my friends in because I trust him and thought he could manage daily operations seriously. Also, he is actively looking for a job. Initially, while discussing casually, I said we could maybe do 50-50.
But later, after properly sitting down and calculating the investment, responsibilities, and my uncle’s involvement, I realized 50-50 didn’t make practical sense anymore.
Now I’m thinking more like 30-30-30 between me, my uncle, and my friend.
From my perspective:
\\\\\\\\- we are taking the financial risk
\\\\\\\\- if the business fails, investment loss is ours
\\\\\\\\- my friend is not investing money
\\\\\\\\- but he would manage operations full-time
At the same time, I understand why he might feel weird because the structure changed later. I genuinely didn’t mean to hide anything or manipulate him — I just spoke too early before everything was finalized.
So I want honest opinions:
\\\\\\\\- Is 30% fair for someone managing the business but not investing?
\\\\\\\\- Should operational work be compensated separately with salary?
\\\\\\\\- Was I wrong to mention 50-50 too early before the structure was finalized?
\\\\\\\\- How would you structure this partnership fairly for everyone involved?
Looking for practical advice, not emotional takes.