Is it permissible for one person to contribute his effort and another his money to a business, and then for them to share the profits?

This company is permissible as long as the effort is from you and the capital is from him, and whether you work alone or the owner of the capital shares the work with you, the profit will be according to the agreement between you at the time of the contract. It must be specified as a common share, such as a quarter or a percentage.