Hey Everyone,
I need some advice or general guidance. I currently work for a small health care company. It's owned by 2 owners with 50/50 ownership. One of them is leaving had the other owner has offered me an opportunity to buy in. I don't think I can afford the asking price (%50) of the company. What are my options besides a massive lump sum loan? I really believe the company has a great chance to grow and mature into a profitable company.
1) Since I work there, does becoming a partner gurantee me some sort of salary?
2) Is it typical just to write a check for half the company and sign the agreements? or can it be phased in over 2 years (making monthly payments)
I've always wanted to build my own business but this opportunity came up and it's right in my ally.
What kind of questions do I need to ask before I make this agreement?
Is it even worth the risk to invest in a company?
apologies for my ignorance.
I need some advice or general guidance. I currently work for a small health care company. It's owned by 2 owners with 50/50 ownership. One of them is leaving had the other owner has offered me an opportunity to buy in. I don't think I can afford the asking price (%50) of the company. What are my options besides a massive lump sum loan? I really believe the company has a great chance to grow and mature into a profitable company.
1) Since I work there, does becoming a partner gurantee me some sort of salary?
2) Is it typical just to write a check for half the company and sign the agreements? or can it be phased in over 2 years (making monthly payments)
I've always wanted to build my own business but this opportunity came up and it's right in my ally.
What kind of questions do I need to ask before I make this agreement?
Is it even worth the risk to invest in a company?
apologies for my ignorance.
via Small-Business-Forum.net http://www.small-business-forum.net/starting-your-business/10082-purchase-into-existing-company.html
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