BUYOUT (SMALLER INFORMAL)

Thinking of buying out a very, very small company from a good friend who sold organic tea leaves straight from the farming country. He only seemed to sell to family and friends, but I like the idea and want to take it bigger. Right now I have 50% of the company but would like to one day own it, yet I still would like his help for the near future. Does anyone have any experience or resources in structuring a buyout? I am willing to give a percentage of profits, but not indefinitely and I would like to structure a fair buyout that he and I would both find attractive. Keeping it simple he wants cash and I want equity.




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