I know there are several larger company types here, and I have a few questions, but don't think I won't have further convos with attorneys and such. I am mostly looking for good/bad experiences, and possibly some 'wisdom' advice.
We are working on a potential merger/expansion where I will be installed as CEO. The partner in this deal is a very long time friend. I have had many friends try to entice me with similar proposals in the past, but I have a very short list of people I would work with. The current deal is with someone I trust well. Basic proposal is a new, huge facility with near limitless expansion potential as well as funding, internal contacts, and "greased wheel" deals that I otherwise cannot get. I bring in our current equipment, work, etc, and run the show. I cannot throw every detail on the net, but what we both are trying to figure out is a 'fair deal' to both parties. He is as much open to ideas as myself. He has several other sectors of business so this is sort of an "I back you and trust you" sort of deal.
But all well intentioned until something either goes wrong, or greatly succeeds and problems arise. He is not one built out of greed, but we are also not toying with this idea to lose money either. The concern I have is not having owner stake in the real estate. In short, I feel like instead of being an owner, I am going back to an employee type. But in some respects, I need some of the load off my back and let's me focus on the core of the business.
We are working on a potential merger/expansion where I will be installed as CEO. The partner in this deal is a very long time friend. I have had many friends try to entice me with similar proposals in the past, but I have a very short list of people I would work with. The current deal is with someone I trust well. Basic proposal is a new, huge facility with near limitless expansion potential as well as funding, internal contacts, and "greased wheel" deals that I otherwise cannot get. I bring in our current equipment, work, etc, and run the show. I cannot throw every detail on the net, but what we both are trying to figure out is a 'fair deal' to both parties. He is as much open to ideas as myself. He has several other sectors of business so this is sort of an "I back you and trust you" sort of deal.
But all well intentioned until something either goes wrong, or greatly succeeds and problems arise. He is not one built out of greed, but we are also not toying with this idea to lose money either. The concern I have is not having owner stake in the real estate. In short, I feel like instead of being an owner, I am going back to an employee type. But in some respects, I need some of the load off my back and let's me focus on the core of the business.