My friends want to essentially pay 50k to buy into my company for 25% profit sharing split. I’m just not sure the easiest way to go about creating an agreement for this.

My main goal is to avoid reforming the LLC and complication anything with all the things connected to my LLC currently as there is to much risk involved.

So what could be an easy way to do the profit sharing for us? (Single-member LLC currently)

  • greenlightgaslight@alien.topBEnglish
    1·
    1 year ago

    You sure you want to value your company at only $200k? 25% is a lot of profit, especially once you’re up and running

    • AnxiousAdz@alien.topOPBEnglish
      1·
      1 year ago

      This is what I’m struggling with. It’s about to explode now that I’m approved to send everything I own to Amazon. I just can’t decide what’s fair based on projections vs today’s revenue

  • Hefty_bag_dumps@alien.topBEnglish
    1·
    1 year ago

    Don’t involve your friend in this business. It’s your business, not theirs. If they get upsets they are not your friend.