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I'm partnering up with someone from America (I'm from Australia) to create a website. We're unsure on what would be an appropriate way to distribute profit though. If we can't find any other way we will just use one persons PayPal account and have them forward their share of the money, but it seems like there would be a better way than this.
Also, obviously we're going to get a contract drawn up but is there any specific legal issues we need to be concerned about when setting it up? Our intentions at the moment are basically: Create the site > upload it > take profits. If it matters the site will be offering a subscription service to tools available on the site.