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Do I post here if I only want a partner and not to sell whole company?

I have a lining company starting our 6th year. Had excellent growth until slow down last year, now growing again. What is best way to accomplish this with partners who are burnt out because of the recession sting and no money left? 1st yr gross was 160k, 4th yr gross was 750k. This is new technology I have been doing for eight yrs. Hugh potential if I have money to grow it, mils per yr easy. I can continue on as I am starting over again but have a briliant idea to escalate growth. Last year was 300+k. Need some advice, please.

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Answers (3)
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Fayer Business Solutions
Baltimore County, MD

Bart,
First thing I would recommend you do is decide what kind of a partner you need. Active one or passive? Do you just want an investor to invest money in the business or one that will work on growing the business with you? You must also decide the terms you want to offer that person. Do you want them to be an equal partner or one that will just get a certain percentage of a the company or of profit?
You will probably want to consult your accountant and/or attorney to decide what would work best for you in the short and long run. (this will depend on your goals and where you see the company going).
Also, having a business plan will not hurt. Not only is this a good idea in case you want to try to acquire a loan from a bank, but many serious investors will want to see a good business plan so they can understand your company and where it's heading.

Hope this helps. If you have any other questions or need some advice, please feel free to email me at : fayersolutions@gmail.com

Goodluck

Feb 24, 2010
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Ritch & Associates
Henderson County, NC

I am in mergers and aquisitions and I consult with business owners about the very problem you are facing. Contact me for a free inital consultation to see if I can assist you!

Feb 24, 2010
Robert Cutler
Attorney
New York County, NY

Bart, there are definitely people interested in passive investment opportunities who browse the postings on this site but before you approach any of them you should consult with your attorney to make sure that your equity offering (including any solicitation of investors) is done in compliance with applicable security laws. If the offering is not done correctly, the equity sale(s) could become voidable, in which case the investor(s) would be entitled to a refund of the full amount invested.

Feb 17, 2010