My question involves business law in the state of: Wisconsin
I have worked at a single-owned small business (restaurant and bar) for over 3 years where I am the general manager. In the 6 years that the current business has operated it has grown from a small restaurant with about 6 employees to a successful larger operation with about 40 employees. We are in the process of opening a second location in a nearby city and the owner (who is a friend that I find to be trustworthy) has offered me a partnership option for 10% of the business (the new location will be under a new LLC so partnership would just be for that location). I'm just curious if anyone has any advice as far as what I should keep in mind going in to this. Also the owner mentioned that we could have a legal agreement that would put me at no risk if the business were to not be successful, and I was wondering if anyone has experience with something like that as well. Thank you.