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by caw 5275 days ago
I think trying to agree on a salary is the best course of action, with or without mediation. Keep your 50/50 split since it seems that your friend is opposed to changing it. You will draw a salary commensurate with your experience and time put into the business. He will also draw a (very small) retainer or salary for his 5 hours a week. This will decrease the amount of profit the business makes, but you still split the profits 50/50.