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)
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
Do you need the $50k right away?