I am not a licensed attorney in Illinois and this
message is not legal advice nor is it intended to be.
You should consult a licensed Illinois attorney
regarding your situation.
With that said, your share of expenses can be whatever
you and your partners decide to be. Typically expenses
and profits are shared ratably, meaning if you invested
10%, then you should share 10% of the profits and
expenses. However, as I previously stated, your
partnership agreement will dictate the allocation of
expenses.
This is a common situation when friends come together
for an investment. Your best bet is to work something
out with your friend/partner. Since you do not have a
partnership agreement, if you are not able resolve this
amicably then you will need to contact an Illinois
attorney.
Best of luck,
Eric
(removed)