View Single Post
  #6 (permalink)  
Old 05-19-2008, 11:40 PM
Stonehenge's Avatar
Stonehenge Stonehenge is offline
Administrator
 
Join Date: Jan 2003
Location: Wisconsin
USDA Zone 4
Posts: 7,563
Stonehenge is on a distinguished road
I've had employees ask about becoming a partner in our company, but I usually ask them a simple question - what do they bring to the table that I don't already have? Can they bring money? Can they bring clients? Can they bring a skill set important to the business that I haven't already taught them? If not, it wouldn't make sense to give them a piece of the business.

I'd ask the same questions of this possible relationship - what does he bring to the table that you don't already have? You mention he's an LA, but I don't know if your husband is, too. If not, that could add value to the company - but I don't know if it's 30% worth.

Shooting from the hip, it sounds like friendship and not business is what's driving this idea, which might not make it a great one.

I like the idea of bringing him on as an employee (give him a nice title and pay), and possibly set some hurdles to reach to become a partner in the company. That way you aren't just giving away a portion of the business you've built without him.

That's my $.02, anyway.
Reply With Quote