That's the way it should be Fence. Sounds like you have a good handle on things. In fact I may pass this along to my nephew who is trying to become a partner in his Uncles fencing business. I do have a few questions though.
1. How do yall handle taking time off for vacations or personal things without one getting mad or feeling like he's getting less time off?
2. Is there ever any conflict over one working more or not pulling his weight when it comes to the manual labor part?
3. I hope everything has always worked smoothly between you and your son but in reading some of your post I sense yall had some struggles, just like most familys do. Did the working relationship just get better with age and grow into what yall have now or did yall have to have a talk and agree on the way things would be as describe above.
I know my nephew sees whats going on in his Uncles business and is scared he'll just be a glorified T post driver and left in the dark about things.
I had to take a step back from our business a few years back because of the back and forth between me and the wife on how things were going. It helped us out. I don't tell her how to run things, but if she ask for help I'm more than willing. In turn she never says anything about what I do or spend on the ranch. She'll help if I need it but I do wish she was more interested.
Dang feel like I hijacked Nesi's post there, didn't intend too