Discount Home Gym Equipment

Me, my partner and a friend just rented a space to open our own gym. The original plan was my partner is the coach, the friend starts the business and I work on media, marketing and support side classes.
Until now, it's just that my partner who receives income, class and PT and he used 35% of what it does to pay the rent space.
So far, we have all invested £ 200 each to get the admin side started. The friend has opened a blog page that I developed and maintained .. He also started a page Twitted which is maintained by my partner.
I developed contacts with a printing service and design and condition and has covered the costs for banners, flyers, business cards, etc..
A friend donated some gym equipment its "home" and my partner and I purchased professional equipment.
Our friend has continued to develop contacts and obtained a 30% discount on professional equiptment.
I'm looking to invest more time and money in the gym and looking to eventually become certified to assist in classes as they grow.
However, the problem now is that my friend and partner agree on a 50/50 split. 50% to 50 friends and shared between me and my partner, which means 25% each. The friend decided that, but it's unfortunate that I'm taking as a business partner. He suggested that I am employed by them but I have nothing to say or Shahrein the company. My partner is not happy either, but is concerned about the friend who is about to make an injection of 2000 the company will retire ..
Our friend has already said that this is no career, as he already has his own business, it is an investment in a hobby .. My concern is that his knowledge of the company works in their interest and that when we learn to redeem he waits a year to two years we will be in a position of weakness.
I thought about going to the bank for a loan the maximum amount we would need is £ 5,000 ..

Ideas??

If the primary funder has a problem with you, I think it is quite difficult for you to continue like this. Firstly, they decided to pay you. Take the pay, and if it is not to participate, fine - learn the ropes of operating a well-biz. You seem quite new, lessons and networks can be significant. Secondly, they need to pay you for any costs incurred if equipment or something else. Take a back seat. And that's what you do. Collect your $.

The problem you have now is that everything is so loose, you do not have any official document to report your participation by 25%. It seems that talk. While your partner may be regarded as "trainer" with its customers and make sales, you do not provide equivalent "of" sales "and is therefore considered not worth the 25% stake.

Organize your own gym and do not buy this one ended. You will face immense problems in the future. If a place does not make $ and there are already so many complaints, wait until it does make $. For your future, set the first and equity capital paid legally. This means that, from% to a partner who will work with the salary and expenses (petrol, parking etc.). The sponsor would be to take profits, if any, but the risk of investing $.

In business, remember that there are no such things as friends. Stick to the legal paperwork. Very unfortunately, difficult, but it is always the truth. I'm sorry you have to deal with this. It is very disappointing and we can not help but feel angry. I can tell you one thing - do not be angry. Take it as an integral part of learning to run a biz. And believe me, you're not alone in the world has been "taken" and that kind of disappointed. Every failure is a learning process. They 'pay' y