I've been out beating the bushes to get some new work.....and a chance conversation between me and a former employer resulted in him discussing him retiring and me buying into the company. (Essentially taking his place.) I was intrigued....but he wants the buy out money all at once. I feel that is a little risky and I'd rather structure it as him getting a percentage of my salary. (My worry is clients staying after he is gone.)
Is that how you would do it?
Red Flag Submitted
Thank you for helping keep Eng-Tips Forums free from inappropriate posts. The Eng-Tips staff will check this out and take appropriate action.
Reply To This Thread
Posting in the Eng-Tips forums is a member-only feature.
Learn methods and guidelines for using stereolithography (SLA) 3D printed molds in the injection molding process to lower costs and lead time. Discover how this hybrid manufacturing process enables on-demand mold fabrication to quickly produce small batches of thermoplastic parts. Download Now
Examine how the principles of DfAM upend many of the long-standing rules around manufacturability - allowing engineers and designers to place a partâ€™s function at the center of their design considerations. Download Now
Metal 3D printing has rapidly emerged as a key technology in modern design and manufacturing, so itâ€™s critical educational institutions include it in their curricula to avoid leaving students at a disadvantage as they enter the workforce. Download Now
This ebook covers tips for creating and managing workflows, security best practices and protection of intellectual property, Cloud vs. on-premise software solutions, CAD file management, compliance, and more. Download Now