splitting profits..

Discussion in 'Business Operations' started by DamicosLandscaping, Apr 11, 2005.

  1. DamicosLandscaping

    DamicosLandscaping LawnSite Member
    Messages: 22

    my buddy merged with me and now we are landscaping together, my questions is we are splitting it 60-40.. and if i make $10,000 in a month, how much does the company make and how much will we make to split it 60-40.?????.i heard you do it 1/3 profits 1/3 material, and 1/3 labor when bidding jobs.
  2. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Messages: 4,040

    Hi DamicosLandscaping,

    Isn't that all up to you and the deal you worked out with your friend? Would one of you take $6,000 and the other $4,000? Or how did you work it out?
  3. DamicosLandscaping

    DamicosLandscaping LawnSite Member
    Messages: 22

    yea we would slpit it like that...but what stays in the business account for the business? a % or what ever i want?
  4. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    You need to talk with an accountant about this IMO.
  5. Equipguy

    Equipguy LawnSite Senior Member
    Messages: 370

    You guys need to get something in writing like a partnership agreement and see a CPA

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