how far would you go in helping a business venture get off the ground without getting a written contract?

I need a little feedback. I've written an extensive bus. plan at the request of several friends for their business. The business opportunity is top notch, the owner is a great sales guy and they have true experience in the field. They've never managed or owned a company, haven't been able to score a loan due to the majority owner's bankruptcy filing and they're starting to lose trust in their employees/ other shareholders. They won't commit to their employees/ shareholders the way the employees have been commiting to them. Their employees have told me they will possibly quit soon. They're being indecisive, not making decisions and are just idling while cash on hand is diminishing due to personal house expenses and as a result liabilities will rocket soon. They've offered me several different positions, as well as minority stock options, but they're just not getting things done w/out commiting to anyone. What do I do? * minor stock options*

2 months ago - 2 answers