FAMILY FRIEND WANTS TO HIRE ME BEFORE SELLING HIS BUSINESS.
I have a family friend that wants to hire me in his business prior to selling it to me. His reasoning is that 1) He feels like the transition will have a greater likelihood of success, 2) I won't have to assume a PG on an SBA loan as we could work out a deal 'in-house'.
His request is that I put together a structure on employment/transition. Any thoughts on things I should keep in mind or consider? Any resources you'd recommend as I begin?