Originally Posted by Unregistered

You buy in at an extortionate amount for your fixed share of equity. No capital? Firm offers you a loan to fund your buy-in and you hope you generate enough annually to pay off the loan + interest and hv some leftover for yourself n to contribute your own cpf. Oh and pay income tax.

Every month u draw a measly sum of the firm's anticipated profits based on your fixed share.

Slog for a few years and your share will gradually increase, and you upgrade from drawing a measly sum to a not so measly sum.

Slog for a few more years n u might just be entitled to a bonus drawing on top of your usual drawing as an equity partner, if u are a rainmaker.

sounds good?