Hi everyone, new on here...I am about to go into business with a friend, we have yet to draw up an agreement. But what I want to know is, if I am working full time in the business and doing most of the work including accounts, and my partner is only part time but we have put 50/ 50 capital in - how do we split the profits. My business partner also has about 40 days holiday a year. Do we put on the agreement that ie employment law states 28 days a year is the minimum statutory holiday for staff (even though they own half the business). But 40 days a year out of a business is extreme, so should I state that I do not want her to have 40 days a year but if she goes over the 28 days she does not get paid? Which can happen in any other company. Just a few questions I need answering before I actually do decide to start this business with them. Last thing I want is working all the hours and then them reaping in the benefits without actually doing anything significant.