Ah, so hati muna kaso divided by 2 on all expenses. That is the easiest simplest and perhaps most effective way to start a business.
Then perhaps, on your income statement, you can have a commission fee % of client revenues. This means who is bringing in clients will get a commission. This commission fee is an expense so it will subtract from the gross revenue, along with other operating expenses (OPEX). Then you will arrive at profit, which as you said, will be split 50-50. If one chooses to pull out the profit while the other one re-invests the profit, then the equity share will need to be recalculated as one will have more than the other.
Whoa!!!! Nuances of business math na iyan. Titirik na utak ko. Lol.
Pag settled na ang registration namin (na sana huwag matagalan dahil SA paparating na semana santa), pihadong kakausapin ko ang partner ko tungkol sa profit at suweldo SA mga freelancer (guinea pig ako).
LOL, I had a feeling it is a Corp when you mentioned you have 3 others joning in, be it name use only or as employees (industrial incorporators).
Hehe, initially, sole proprietorship Lang gagawin ko. Pero naisip ko na baka corp ang gusto NG HQ Kasi SA Europe mga kumpanya talaga ang counterpart namin Doon.