I am a 50% shareholder in a regional circus school. My business partner wants me to buy her out for $45k. This amount can be paid to her over 12 months.
I do not want to get a loan to pay her back, I would like to do it from business takings.
I need someone familiar with business budgeting to create a budget for me, so I can pay back my business partner within 12 months, continue to draw a wage, and have the business make a profit of at least 25k after tax.
I need to know how much I can spend on wages for other staff, after all of the above and operating expenses, tax etc
My accountant has prepared a financial forecasting spreadsheet. I need someone to go over it with me.