Partner Compensation_ This is with regards to the skill set or manual labor brought in by a partner to the business. It may be likened to an employee compensation, wherein the person is paid for the service he or she renders to the business. If the partner is also the operations manager, the compensation for that job position should be clearly established in the partnership agreement.
If you are employing staff, you certainly need to implement an Employment Agreement. This agreement should be between them and your business and it needs to be clear and well defined. This is because the last thing you want to happen is for your employee to get upset and then take legal action against your company for whatever reason. The best thing you can do is make sure each of your team is engaged using an agreement that both parties have read and signed and agreed upon.