yes its fair.the uncle gets the money and he gets the 80% of business. He still has the controlling portion.
The question is does your Uncle want a partner and that is what the friend is proposingIf he can delay the expanding he would probably come out better. If he is making a profitat this point after a year - I wouldn t push it with expansion and tie up future earning witha partner.
No this is not fair. Your uncle should not give him future profits. Does not sound like much of a friend. If anything your uncle should give him interest on the loan until it is paid off.your uncle should find someone else to loan the money from, his friend sounds like a really shady person to be doing business with. Doesn t have your uncles best interest at heart
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