The Sub-Partner’s commitment is to prepare their company for expansion and, as the principal Officer, must join the IJJ Corporate Board of Directors to operate the Profit Center, as stipulated within the Merger Agreement, in exchange for funding.
Within 8 months, the Preferred Stock will be ready to fund the expansion plan, and the option to spin out is now executable.
- Spin-out Option – Executes the terms and conditions, with an option to become an EBP subscriber with selective services.
- Continuation of Sub-partnership – The executive staff elects to maintain the board member position, the subsidiary maintains its Business Registration, integrates administrative and operation functions into IJJ Corporation, and the Executive staff converts their profit-sharing position to 25%.
- Sub-Partner Joins IJJ Corporation – The board and executive staff maintain operation positions ( term period 24 months). After the steadfast period, IJJ Corporation ownership is 51%, and the Sub-Partner Team is 49%. The Business Maintains its Registration by integrating administrative and operation functions into the IJJ Corporation.