| Let me ask you a question. Why do you have a partner? Do you not have a lawn mower edger and weed eater of your own? Is he buying you this stuff and in turn he gets to be your partner becasue of that. You may want to also think about having the ability to buy him out if he isn't doing any work and just helping you get started.
I once need 15k extra for a business. I had tons of people who wanted a % of the business for the loan. I stuck it and found someone who just wanted to give me a straight loan. Now 2 years later if I had given out that small % it would have cost me 50k and counting instead of 20k to pay back the loan with intrest. |