I find myself in a situation where I'm partnering on a deal with SBA financing, and it appears that I'm the only one in a position to provide a personal guarantee. In the arrangement, I'll be owning less than 49% of the business, while my partner will hold 51% and take on the role of owner-operator, leaving me in a strategic/CEO capacity ( I am not in position to be owner-operator).
I'm looking for guidance and insights regarding the pros and cons associated with this type of arrangement. If anyone has had a similar experience, I would greatly appreciate hearing about your insights and lessons learned.
Thank you in advance for your assistance.