I am moderately experienced in business- I have about 10 years of experience in internet marketing and own an S-corporation. Recently, my acupuncturist has proposed a business partnership to me. He wants to sell his health products on the internet (which works well) and eventually open up various offices throughout the country. I see the potential in the business and actually considering his offer. So far, we seem like a good match. And he needs me more than I need him to accomplish his goal: My strength/weakness: versed in internet marketing, fluent in English, connections / no product His strength/weakness: has a product / computer illiterate, can't speak English, no connections My question is this: I'd like to be very clear about our business terms before we start anything. I'd like to ask for a 50-50 partnership so I own half of the entire business. What would be the best way to structure to do so? By asking him to give me half of his stocks of his s-corp? or should we create a new corporation and be partners? or should we formulate a contract so we do profit-sharing of the profits? (but would I be entitled to the company when we sell it?) Are there any other options? He currently runs a practice and has an idea how he wants to execute his business, and started some branding/website construction himself. I don't think he's doing well with the business though, and have an impression he is bad with bookkeeping. Any suggestions from an experienced businessman would be greatly appreciated!