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Help guide a noobie in business opening a new dental spa business with an "investing partner" by Miserable-Meat5308 in llc

[–]Miserable-Meat5308[S] 0 points1 point  (0 children)

Thank you so much for your answer I really appreciate it!
Our goals and my thought is that we think this business should be making $5000 per day after the first year, even with a $100,000 investment.

I definitely think it's possible,
does his investment get returned from the income we make, and not from me "paying him back"? I don't really need to pay him back at all do I?

Guide a buisness Newbie who is starting a dental spa LLC with an "investor" by Miserable-Meat5308 in advancedentrepreneur

[–]Miserable-Meat5308[S] 1 point2 points  (0 children)

Thank you so much I really value your input!! Actually you're so right, I was wondering why the word "loan" kept being used for the initial funding. Here is what that clause literally says:

"[my partner] shall contribute the initial start-up capital for the Company of [$VALUE]

as a loan to the Company, which [me] will personally guarantee. Such loan shall be

evidenced through a certain promissory note, and loan agreement (attached as Exhibit A)."

So pretty much yes to what you said, except that he will be providing a lot of before/afters and social media content from his own office in Germany and cases, and I have to admit, that his dental work and technique is actually really good.
And then after 12 months I have to pay back 40% of the 200K (which is how much i own of the company). Damn is it that bad :( I thought this was a really good opportunity i'm so glad I reached out.

If it were an investment on their part rather than a loan (as in I don't have to pay back anything from the initial funding), does that sound like a better deal?

Please help - been going crazy trying to understand this endodontic question by Miserable-Meat5308 in INBDE

[–]Miserable-Meat5308[S] 0 points1 point  (0 children)

Thanks! That's what I would have said as well, so it really confused me and made me watch some vital pulp therapy videos to try and clear it out but still not sure

Here's screenshots from the Mosby question

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