Investor wants total control of company.

First time post. Recently opened up a Pediatric Physical Therapy Clinic. Consisting of myself(not a physical therapist), and two pediatric physical therapist. We are all equal partners. Have been in talks with a capital investor. The clinics projected valuation is 1 Million dollars. Investor understands our strong need for capital. His initial offer cutting through details is $200,000 for %52 of company essentially giving him control of business. This is something we do not want to do. We feel this is a high ball offer to see what our response is. Would like some advice on how to approach this scenario. Investor will have nothing to do with clinic as far as work and clinic has been open 4 weeks. We feel with this offer we essentially will be working as employees.



Thank you

via Small-Business-Forum.net http://www.small-business-forum.net/financing-your-small-business/9488-investor-wants-total-control-company.html