How much am I required to pay an investor if I bring one on?
I have run my business for roughly 2 years, it is going well, and I have earned enough money to support my investment, my life, and my vacations. I am comfortable with the situation. I found this business about 2 years without any co-founder and investor.
I know I could make it grow even faster and make much much more profit if I have more money to invest.
So I am wondering if I should now bring on an investor to my business?
I have no idea how to work with an investor.
Let's say for the worst case, I experience a cash flow loss in the business or my business went bankrupt, would I be obligated to pay back all the money invested to the investor?
Or best case, if I was able to increase profit with the help of the investor's money, how much would I be obligated to pay the investor?