If we are 3 owners, what percentage should we pay ourselves after operations expenses?
If we are 33.33% owners, should we have an equal draw? Or how should we calculate the pot of money that will be split among the members? What % of the total revenue?
To answer your question, the following general rules apply:
If your business is organized as a partnership, you'd each receive 1/3 of the total draw amount agreed to by the partners.
If it's organized as an LLC and you have an operating agreement, you can receive a distribution that's out of proportion to your 1/3 ownership interest, if it's stated that way in the agreement.
If it's organized as an S Corporation, you'd each receive 1/3 of the total distribution amount agreed to by the shareholders.
Gary is correct in his reply.
Typically your partnership agreement will detail the provisions of revenue / profit sharing. If you don't have a partnership agreement, I would recommend that you retain a lawyer and get one drafted up. The agreement should also contain provisions for the disillusion of the partnership along with other key aspects equity rights of the partners.
My name is KARLA LOVELL from Texas in the USA. For a very long time, i was deep into financial mess untill a friend of mine told me about CONSUMER LOAN FIRM and how she was helped by the company with an Xmas loan at a very low interest rate of 2% and better repayment schedule.She further stressed that they can help me out of my financial difficulties too.Though i never believed her because i have tried lots of BANKS/CREDIT lenders who could not help me out because of my poor credit score.She advised i should give it a try to be convinced,so i mailed them via firstname.lastname@example.org .Behold it went well and after my explanation, they took me through the loan process and granted me the $67,000,00 as applied with ease on 26th of October 2017, i have a business of mine and my xmas bills became very much easy.