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Partnership Advicepresure sensor 01-25-2007, 06:54 PM I am a Master Technician of 12yrs for a high end line (dealership). I do not know anything about running a business. An acquantence of mine opened a specialty shop a year ago and has asked me to join in. He has offered a high flat rate and a percentage of total sales. His diagnostic abilities are not the best and I would be diagnosing and instructing most of the time. Due to the lack of finding excell help he is down to himself and swamped with work. My ? is what to ask for?? A salary, a percentage of the store, a parnership, total anual sales, overhead, etc..? What info should I abtain ahead of time so I dont get screwd??? mechanicsnearyou 01-27-2007, 09:03 AM I would try to come in at least being a partial owner. You may want to talk with him about buying in to become a 50% partner. It would be in your best interest and help him get out of his bind. GMMerlin 01-28-2007, 06:36 AM Consult a LAWYER! prior to entering into a partnership. There is a lot that can go right, but a lot more could go wrong. mechanicsnearyou 01-28-2007, 03:47 PM Agreed. You will need a lawyer. You need someone to go over all of his books (financials) and give you advice, etc. vBulletin®, Copyright ©2009, Jelsoft Enterprises Ltd.
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