Sunday, January 17, 2021

How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?

Hi,

I have a business partner in who has brought a deal to the table, unrelated to our current partnership. This deal is basically us taking over part of the business because the current owner of this contract does not want to do this anymore because it’s not a part of their core business.

So for example, let’s say the current owner wants $150K to have me and my business partner take this part of the business/contract over; so we would do a profit share over the next 3 years where we...

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from How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?

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