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Yes this issue has risen over the weekend, she has already started looking at locations etc without even confirming the amount of funds that will be allocated for rent etc, her salary expectation is that of an owner not an employee, this situation isn’t as simple as I originally thought.
Thank you all, for your input, I have taken on board all comments and will be moving forward with given her the opportunity to become a shareholder as the business grows.
Hiya,
I’m looking to start up a ltd business in the fitness industry, my friend currently manages a fitness centre and set up it for her employer when he sold his previous company in a completely different industry.
Unfortunately she has poor credit so no access to funds, I will raise the...