Updated about 8 years ago on .
Negotiating partnership...one party has cash, other is co-signer
We are starting a business where we are bringing in a business partner who has no cash to invest. We need him though to co-sign a loan to get the business off the ground. He wants to eventually be 50/50 with us by paying monthly until he's invested at 50%. He'll be a full time manager with the company with a salary to start as well.
What percentage of the business should he get to start? 0% and then award him a percentage of the business as he pays in?