Consider ownership/control and investment/ROI and risk issues. How many employees have their names on your company's notes with the bank? I guess none. What protection does an employee have if the company goes bankrupt? Unemployment insurance (around 2/3 weekly pay in my state). What do you get? Second mortgage on your house and second job. Be careful--pay employees well considering what the market bears, what they contribute above what is expected and what you can afford according to your business plan. I've seen some really good employers go bankrupt.
No amount of paperwork will make two partners stay together. They will only continue to do business for as long as it makes good sense to both of them.
Where you want your paperwork is in the matters related to corporate dissolution. Someday this business arrangement will have to end. Right now, while everybody is happy (and alive) is the time to sort out eventual distribution of assets and equities.
A possible way to embark on this new relationship is to simulate it. Pay them for one year the same way you pay yourself. Draw against commission. You can pay any salary you want to anybody. As an owner you really only get to keep that salary if you can. An employee will always get his money in the end.
Try this or something like it for a year. See how these new partners (and their spouses) feel about it later.
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