Thank you for the advice and input

Personally guaranteed the loan for the business. Receivables never landed. Company would be created ASAP to continue serving clients, I am looking at 40% ownership, I’m struggling to estimate the time since I currently go to school. Would likely consider dropping out to give it my all. I will be continuing to work in the field, and service clients. He will likely do most admin work. Thank you for your input I appreciate it