investor/partner

if someone put up the money for a bar /pizzeria and they own the building ,but does not want to work there or have anything to do with it and wants me to put up a small amount 10k and run daily operations.the other option is my own pizza place in the same building and he attaches the bar to me and i do his food.so now i will do daily operations and have to put up all the money and 3k month rent.(this is a strip mall).if we did option 1 what would be his share and my share.how could i keep it where i make all the decisions but not make this a 50/50 split. and does he have more of the share because he is putting up the money.i posted this a couple of days ago but maybe i was to confusing. its similar to the one about financial partner. if anyone could put in some advice it would be very helpful.or if you guys had a choice pick one? 1- put up 10K part own bar/pizza 3200sqft. in strip mall built new by friend. 2- put up 80k own 100% of pizza in 1600sqft but serve food to sport bar of friend building the building.this also includes liquor license for pizza and bar.in either option i am going to have option to buy both business or whole mall in 5-10 yrs.my friend owns alot of comm realestate and this is his final project and is going to leave within 10yrs.

100% without a doubt…make sure you have a bullet proof lease with the hlep of an attorney…funny how “friends” change when they see you making $$

i would avoid a partner at all costs especially considering that it appears that you have access to some cash. take your time and find a quality operation that wants to sell and have the seller finance at least 70% with favorable terms. while the option to own the “whole mall” in 5-10 years is obviously attractive, a lot could happen during the interim to queer that deal. just my .02 cents…

don’t get me wrong, partnerships are very viable arrangements - but i just don’t see the need for one when it comes to a small operation…