I'm not expecting much asking this question, because it's a little complicated, but I'll ask it anyway.

We have a partner who has helped us invest in our company by giving us the mortage on our building. She is interested in becoming a full fledged equity partner and we agree.

We were thinking of rolling our personal ownership in our building into the business as an additional investment of our own and an equity investment (for the amount of the mortgage) on the part of our mortgagor. Thus the mortgage debt would be eliminated, but then so would be our only personal asset aside from the company.

We can't seem to find anything wrong with this idea and everything right with it.

Is there any reasons we're not thinking of that we should take into consideration BEFORE doing such a thing?

Any and all thoughts are welcome.


Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
http://www.peppermaster.com
http://www.haitianfire.com
http://www.pepperfire.ca

Eat more peppers!