Someone wanted to invest 30k into my landscape company for 5% return, now I’m not the smartest guy out there and someone is free to correct me if I’m wrong but shouldn’t that 5% be until the loan is paid off and not until I give the company up
Again I’m very new to this so I could be looking at this horribly wrong
He’s saying your company is worth $600,000 and he wants to own 5% of it. When you sell he’ll get 5% of the proceeds. If the company ever distributes money to the owners he’ll get 5%.
Very few landscaping companies ever get sold