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Dont do it :-)
Ive seen very few of these partnerships work out. The only way that they do work out well is to keep the model away from any of the business aspect. Then you run into the "I can make more money on my own" drama.
I, being an amateur model myself, would not run another girl's site, nor would I partner for someone else to run my own site. Ive seen it go bad every time.
There is no really good way to split things up. You are basically doing the vast majority of the work for very little of the payoff.
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