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Paul – FS Concierge
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[USER=111572]@andrewn[/USER] –
Hi And Welcome to Flying Solo. It is great to have you!

Thank you for joining our community and posting today.

Ultimately, there are no rules around the questions you ask – it is literally up to you and your proposed partner.

In all cases, it is best to have a Partnership Agreement so that if anything changes in future, there are clear pathways to proceed.

Valuations in future can, if you want, be based on a multiple of net profit (after all costs). Eg, in my industry, the most commonly used valuation is 1.5 x annual net profit.

So if my business is netting $100K, then 100% of the business would be $150K – there are a million and one variables though so you are best off seeking professional advice.

[USER=5318]@JamesMillar[/USER] – may have some further advice.

Cheers