I took 5 percent of a company on sweat equity for a dollar and never paid the dollar.
I took 5 percent of a company on sweat equity for a dollar and never paid the dollar. I was offered 5 percent of a company because they couldn’t pay me enough for my services so I took it. The owner of the 5 percent wanted out of the company completely so he sold it to me for a dollar we signed the contract etc. The catch is if I decide to sell my shares or we go out of business within a year i have to give him 90 percent of the …