Hello!

I’ve been offered a partnership in an existing and profitable single location restaurant. It has been the same restaurant for decades, but I believe the current legal entity is only 2 years old. There are existing books and records for the financials.

To accept this partnership I would need to leave my current w2 job.

I can start myself on a w2 at the business day 1, almost the same pay.

We will likely create a promissory note for my “buy-in” that will be paid over 3 years from my share of the profits.

The biggest hiccup I have is that my fiancé and I are barely on track to purchase a home in January 2021. Will this be a problem?