Snafu with New Business - npc, your Thoughts & Opinions PLEASE Options

[Scott Carlberg]

I'd really like to get your opinion on the situation I'm currently going thru.
Here are the details:


Matt & Scott were going to start a new business out at the local mall.

Matt has some experience with this type/location of business.

This new business is/was Matt's idea, although it was Scotts persistence & encourgement that almost got it going.

Matt & Scott were going to split the costs 50-50 to get the business started.

Currently, Matt has a full-time job, 8-5 Mon-Fri, at which he will become 1/2 owner of in Jan '05, having agreed & signed the paperwork with the one partner of the two current owners who is retiring.

Currently, Scott is not working and lives just 5 miles away from where the business would be.

Although Matt works just 5 miles away from where the business would be, he lives,
with his fiance, about 45 miles away from the business location.

Matt has now stated a couple of times that because of his job and where he lives, he does not see himself spending much time out at the mall with the business.
Maybe one-3hr closing shift a week, if that.

The mall is open 72hrs a week, or 288hrs for a 4-week time period.

Figuring a PT person works 25/week, 100 hrs in the month, Scott would then
work the remaining hours, 160-188hrs/month.


Matt wants to distribute the money in the following way:
- 1/3rd to pay the bills;
- 1/3rd to Matt &
- 1/3rd to Scott


However, after putting some numbers down on paper, Scott does NOT think that's a fair deal for him.

For example, IF the gross was $10,000 for the month:
$3300 - bills (33%)

$3350 would go to Matt -
for being 1/2 owner AND having worked 3-12hrs for the month;

$3350 would also go to Scott -
for being 1/2 owner AND having worked 160-180hrs for the month.


Scott has suggested a lower Base Pay, and then an agreed upon Hourly amount paid per the number of hours worked.



My question, simply is: WHAT DO YOU THINK?


Is one scenario more fair than the other?
Why, or why not?


>>> IF you've gotten this far down on this thread, THANK YOU,
your thoughts & opinion are very mich appreciated, as I realize this situation REAlly only matters to one person on this bbb! (IMG:style_emoticons/default/wavey.gif)