A few points: 1. At 25% of a two-person venture, the potential to get screwed is large. Basically the majority owner can make rules that lock you out of some

A few points: 1. At 25% of a two-person venture, the potential to get screwed is large. Basically the majority owner can make rules that lock you out of some or all of the upside. 2. Because of 1, you want to be able to see the books. 3. Get everything in writing. 4. Figure out a way to get it to 50/50 equity. This may mean no salary or IOUs to the other person for a delayed salary/payout at a premium (since they have to wait). This can get tricky very quickly. That said, unequal equity can get tricker. 5. Note that all of the trust issues mentioned above may not have to do with your partner -- someone providing additional funding can dictate onerous terms for you. Note that it is possible that you found a dream partner and nothing will go wrong. Also note that getting massively screwed in the stated arrangement is also possible. Adjust your expectations accordingly.