In his study he continued. "I didn't give my accountant the details, but he said he didn't need them. It is perfectly fine for us to establish a business and create a foundation document that determines its profit split. We'd have no trouble with the IRS saying that even 75% of the profit goes to the inventor of the business's core idea, which is you. We're going to make your intellectual property - which is a fancy name for "idea" - worth 60% of the profit, for a reason I'll come to soon."The reason didn't matter to me. I remembered that Prof said we'd try to win enough so that after taxes we'd have $5 million. 60% of $5 million was a number that I was EXTREMELY happy to have in my bank account.Prof continued. "The remaining 40% will be split 20% in each of two categories: financing and labor. The financial contributors will share in 20% of the profits in proportion to their investment. The workers - that's mainly you and me - will share in the last 20% in proportion to our time. As Kay returned she had a sly gleeful grin on her face and a glossy black box under her right arm, what you got there Kay I asked?None of your business Vernon, you will have to just wait and see tomorrow but it will be worth the wait - I promise you. I thought no more about it as I knew Kay would have something special in mind and got ready for dinner, later that evening and as we got ready for bed I went to brush Kay’s leg when she said I would just have to wait till tomorrow and it would be worth the wait.Saturday started as most Saturdays did but Kay came over as a little distracted when the phone rang, hi Di how are you? Di was one of the women from the gym that Kay uses and too be honest is pretty fit given she was about 10 years older that both of us. Kay had mentioned Di on the odd occasion after her workouts at the gym and I met her briefly about 6 weeks ago when I had to collect Kay, what did Di want Kay I asked? Nothing important but she may have to pop round later for half.
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