Ok, so now we know what the dealie is with Equity, right? For those of you who forgot, you can continue reading, pretending that you DO know, or you can have a quick look here.
Equity is that magical word which basically represents your share of ownership in the business. So, as mentioned in the previous post, if you put in $1000 into your business, that means that you own a $1000 in you business. Right? Of course.
Now, you can continue with this 'arrangement' of being a lonely soul, owning your business all by yourself 100%. But yet, for some strange reason, Business Owners, (Just like Single Men) decide to go out and find a partner, even though they were doing perfectly fine on their own (Just like Single Men). So, lonely business owner seeking partner finds a partner and says, 'Hey, invest in my business and we can share profits equally!'
