Currently looking at a deal where there will only be one other equity partner besides myself and I am trying to get more perspective on the Pros and Cons of setting up the Equity on a 50/50 vs 51/49 split.

Of course, we both get along very well and hope for that to continue in the future but am caught wondering is 50/50 almost meaningless as opposed to 51/49 or is it all how you set up/lay out the behind-the-scenes in the operating agreement.