I manage/operate one of the largest residential companies in my area. (Pop ~ 35k, rural, 60ish cust.). I do all the the scheduling and all the foreman work for the company. There are two other employees who work part time. We're all friends. I ran my own company before and during college but left that behind when I went to grad school. I came back and started working for this company. He wants to partner up. He's a full-time minister at a local church where I volunteer a lot of hours myself, but he doesn't have much time for the business. Basically, the deal is this: I pay half of what he wants for the business (30k), and I get all the equipment, truck, and trailers. 1994 Dodge Ram 2500 7X16 Horton Hauler 7X20 Flatbed Trailer 60" Exmark Lazer Z 48" Exmark Lazer Z HP 2 Stihl FS-100 1 Stihl KM-130 with hedge trimmer and edger attachments 2 Stihl BR 600 blowers We profit share. After all costs, we'll leave 7% in the bank for emergency funds, he takes 23% and I take 70%. He wants to stay in another 5 years, and I will have the option to buy him the rest of the way out or stay in it with him. He will handle the billing/books, and I will continue to do pretty much what I do already. Based on just maintenance and no extra work, my pay would increase by 20-25% including the payment on the note I would need to take out for the business. It seems like everything would be better than it is now for both of us. Does this seem like a fair deal? Do you guys foresee any hiccups or problems? Business brought in 102k last year.