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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To feel this is a shitty deal?

34 replies

coalwife · 13/04/2018 06:54

A very quick review of back story. Been together 8 years and we have 2 son's. I run a small.business advisory business. Enough to keep me working full time. Partner is a solicitor. We have just joined forces and are about to open a limited company. Now I get that he is bringing more money to the company from the outset. However his proposal is a 80/20 split. Aibu to think that given our relationship that this should be 50/50? I'm hoping to discuss this today. Looking advice on if I'm being unreasonable first.

OP posts:
MusterMark · 13/04/2018 09:46

Never do 50/50. Do 49/51 so someone has control if there is a disagreement and the business is not paralysed. Difficult to say if a 80/20 split is fair in your situation. Ignoring the relationship, what is each of you putting in to the business at startup and how much work will you be doing for the business?

Hadalifeonce · 13/04/2018 09:53

If you will both be directors of the company, any dividends received have to be equal. If you are taking a salary, you will be advised to take the minimum payable to fall below the tax threshhold, therefore tax will only be payable on the dividends which is a lower rate that income tax.

UninspiringUserName · 13/04/2018 09:54

We're both directors of our limited company and our roles are very different but we take home exactly the same. Until recently, I worked a LOT more hours than my husband and had a lot more stress, but I never resented him earning the same as me, far from it. It's OUR business and OUR money. The key element is that I respect him and his contribution to our business - we're equals. Would your DH say the same?

Hoppinggreen · 13/04/2018 10:17

I agree about equal contributions
Although DH actually bills a lot more I sort out his contracts and all the company stuff so we consider it equal.

ChasedByBees · 13/04/2018 10:23

Juells has some good points.

Slievenamon · 13/04/2018 10:27

You're not married, are you?

BillMasen · 13/04/2018 10:36

He's protecting his assets/income as many are advised to do on here. If he's bringing more value to the business then he gets a greater share of it, that's fair.

Clearly all income then goes into the family pot, also fair. It's just that in the event of a split he gets a greater share of the business. Imagine it was a house where he'd contributed more, or any other asset

coalwife · 13/04/2018 14:06

I'm still unsure after reading your answers. I'm actually not that bothered about the 80 20 thing in terms lay as I know my earnings won't change and actually we will be better off in terms of tax etc I see that. However I'm kinda pissed at what I see is him undertaking me. Does this say he undervalued me?

OP posts:
Pengggwn · 13/04/2018 18:25

It's hard to say. What value will you be bringing to the business compared to him? What is the actual split of capital investment?

Is there a further dimension to this in terms of your relationship? Do you plan marriages? Does he?

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