Issue:
Client was looking at expanding his business by adding on a partner but was not sure if the partner should immediately receive equity in the business or not.
Solution:
We provided information on what is “typical” in these situations and gave two clear options on how the Client could present to the potential business partner. We also informed the Client of the things they should be most careful of during the Client’s discussions with this potential partner.
Outcome:
The Client was able to onboard the partner without giving away all of the business and was able to put in place protections and safeguards so that both the Client and the partner were protected if something were to go wrong.
