How do you set up group revenue sharing?

Ok I have a group of people who are starting an online business (about 7 of us). We are all equal partners. Money will ultimately be coming in from various sources (advertising, affiliate marketing, etc). How do I create a central location so that all the money can be put into there and then divided accordingly among the group. Is there a PayPal option, etc, to do this?

For each of the revenue streams you will be required to put in bank details, what you can do is create one PayPal account and/or one bank account and use those details to centralise all your money. Then you can split it across all seven of you.

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