Originally Posted by
MattyNoNeck
I’m going to offer a 50/50 split and keep the yard tickets in my name (so that when I want to try and sell myself as a dealer or a peddler, I can have a better history in their computer) and if he doesn’t want it then he can take a hike and I’m no worse off than before. I’m also not going to mix my scrap and his so that there’s no question on who should get what. His scrap, my truck, 50/50.
Very bad idea from the get go. It may be "His" scrap, but it's YOUR truck, YOUR insurance, YOUR tires/brakes.
Retro hit the nail on the head with how our partnership works. We're clear and concise on EVERY scrap run (As things can change from load to load), and our usual arrangement is 60/40 (60% to the one driving the truck/trailer and 40% for the one being the hired help)
We've not had an issue with that arrangement. It's an open offer, take it or leave it (Unless we both need to use the trucks/trailers, and at that point, more discussions are involved).
But I think 50/50 on something like you're doing is a bad idea.
However, good idea for putting the scrap in your name, to keep things in YOUR field of play.
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