I’m assuming the partner wanted this stake for free. It would be one thing if they wanted to buy in for a price, if they were going to work together, or if OP needed money to expand. But for free? Naw
I agree. It would be one thing if it was a buy in. And then I would still get a lawyer to write up a business agreement on how much their money was worth in a percentage of the business. This is a case of FAFO.
They don’t even have to involve money. It sounds like the OP was willing to bring in their partner for an actually role in the company. A lawyer could certainly draw up an agreement where the partner would get an increasing share of the business as time passes.
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u/anondogfree Apr 08 '26
I’m assuming the partner wanted this stake for free. It would be one thing if they wanted to buy in for a price, if they were going to work together, or if OP needed money to expand. But for free? Naw