The game will be owned under an LLC I created to protect ourselves from copy right. The reason I own the LLC is because I did the entire website and I plan to do more content without him as well. My colleague is not a member of the LLC.
Could I create a contract promising him 50% of profits from the game? The contract would be created by the LLC.
We both agree to do this as well. I just don't want to get bitten in case there is some sort of wage law I don't know about. This is in Arizona.