BobbyLucas
Well Known Member
I'm looking to take on a partner in my on-going RV-12iS build and we're looking for some advice about putting a dollar amount, or equity percentage, on build-time spent...
I know when selling an experimental you may not get much if anything for the time you've put in building it, but what about when building with a partner where the work-split is far from 50/50? I've already got 280 hours into my build and have someone looking to partner with me who probably won't have much time to help, so I will be doing the majority, if not all, of the work. We both agree that my time is worth something to the partnership; we just need to agree on a value.
How have other's handled this? An hourly "wage?" A certain % equity credit per hour? Or no value at all?
I know when selling an experimental you may not get much if anything for the time you've put in building it, but what about when building with a partner where the work-split is far from 50/50? I've already got 280 hours into my build and have someone looking to partner with me who probably won't have much time to help, so I will be doing the majority, if not all, of the work. We both agree that my time is worth something to the partnership; we just need to agree on a value.
How have other's handled this? An hourly "wage?" A certain % equity credit per hour? Or no value at all?