What is the name of your state? Kansas
I have worked 5 months on securing a restaurant business. My investor(partner) is putting up 100% of the money. He is financing it and putting in startup money. Business is a turn key purchase. I will run the restaurant 100%. He will have nothing to do with it. He wants me to tell him what arrangement finacially should we have. I know that I must have a salary plus health insurance. I am putting in the sweat/knowledge etc. and want to be able to somehow own a portion of the biz. It will be my responsiblity to make this biz sales increase. What type of corporation should this be? Also what would be a fair arrangement. We have made an offer and they have accepted so he is waiting for my revised budgets/and financial arrangement. Help someone. Thanks.What is the name of your state?
I have worked 5 months on securing a restaurant business. My investor(partner) is putting up 100% of the money. He is financing it and putting in startup money. Business is a turn key purchase. I will run the restaurant 100%. He will have nothing to do with it. He wants me to tell him what arrangement finacially should we have. I know that I must have a salary plus health insurance. I am putting in the sweat/knowledge etc. and want to be able to somehow own a portion of the biz. It will be my responsiblity to make this biz sales increase. What type of corporation should this be? Also what would be a fair arrangement. We have made an offer and they have accepted so he is waiting for my revised budgets/and financial arrangement. Help someone. Thanks.What is the name of your state?