This is a very relevant question to the startup I'm involved with now. We just registered the business at the chamber of commerce yesterday: it's myself and one

This is a very relevant question to the startup I'm involved with now. We just registered the business at the chamber of commerce yesterday: it's myself and one other person. Fact of the matter is that I'm going to be initially working on the startup part-time and my partner is thinking of going in full-time. After giving it a lot of thought, we've decided to go with a 50-50 equity split and to differentiate on the basis of salary. Essentially, I've agreed to no salary for the first 12 months at the least, since I'm going to be paid well by my full-time job. My partner will take a salary to make ends meet in that period. We are both happy with this setup at the moment, but if anyone has any ideas of pitfalls that we should avoid, I'd love to hear from you.