He's saying your company is worth $600,000 and he wants to own 5% of it. When you sell he'll get 5% of the proceeds. If the company ever distributes money to the owners he'll get 5%.
No. If you're asking here this vaguely, no way.
yes
He's saying your company is worth $600,000 and he wants to own 5% of it. When you sell he'll get 5% of the proceeds. If the company ever distributes money to the owners he'll get 5%.