51% - they can’t dilute you, you lose your current pay you are in charge.
49% - you can keep your regular but they can dilute you. You aren’t in charge
50/50 is the dumbest shit ever.
If you are 50/50 and they decide in 6 months to throw 50k in the bank account and you don’t match it they might just offer you 10% ownership and now you still don’t have a salary, prolly working harder than before and you’re broke.
Source: been in bar industry a long time and I see people like you get chewed up and spit out all the time.
Don’t take 50%, either 51% or 49%
51% - they can’t dilute you, you lose your current pay you are in charge.
49% - you can keep your regular but they can dilute you. You aren’t in charge
50/50 is the dumbest shit ever.
If you are 50/50 and they decide in 6 months to throw 50k in the bank account and you don’t match it they might just offer you 10% ownership and now you still don’t have a salary, prolly working harder than before and you’re broke.
Source: been in bar industry a long time and I see people like you get chewed up and spit out all the time.