After my long-time administrative employee and assistant left to pursue another business, I decided to merge my business with the independent business of my husband’s and his business associate. The transaction established the three of us as equal partners and allots revenues based on three factors: sales commissions, management fees and a share of overall profits. This arrangement has allowed me to cut my time commitment to my business in half.
Thanks to Deborah Arends, CRS, for another great tip. Deborah is a Managing Broker with RE/MAX Northwest in Seattle, WA. Deborah has been a CRS since 2001.