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Should I become a partner?

terrordread

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Dec 26, 2020
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I've been asked if I want to buy a third of the business I currently work for. I joined shortly after the company was started and there are just 3 of us at the moment working on it full time. If I buy in, it would be an even third equity owned per partner. I'd take the same pay as I currently do which again is the same for the 3 of us.

I'm not sure how to go about valuing the business in order to put a number forward to the 2 who are currently running it.

I do have access to the financial info of the business, value of assets owned, revenue, etc.

What's the best way to figure out a third of the business's worth?

A few other relevant points:

  1. The two others involved full time are a married couple which I'm aware could become problematic when the three of us come to decision making.
  2. I will need to take out a loan to buy equity.
  3. It isn't fast lane but more than covers my cost of living while affording me enough time to work on my fastlane idea alongside.

Any advice or recommendations for resources from the community would be brilliant.
 
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