I sincerely doubt they care, but your allocation is required to have substantial economic effect independent of the income tax consequences thereof.
You really should consult with a legal/tax professional and have an operating agreement drafted (if you have not already done so) because you are not exactly following the default rules for partnership interests and allocations.
It is possible to get to the point where you have totally separate operating companies (businesses) but no actual partnership (i.e., you are not sharing in profits nor losses with your partner(s)).
