How a Consulting Business Hired a Lawyer to Draft a Profit Share Agreement in Arizona

In 2022, a business in Arizona sought assistance with drafting a profit share agreement aimed at supporting their new venture as fractional CFOs and CEOs for landscaping companies. The client and their partner intended to establish a vesting profit-sharing schedule linked to company performance, along with provisions for a monthly retainer and an equity clause in case of a sale. They believed these measures would help protect them from liability while providing flexible partnership options for younger landscaping firms that may be under financial strain. As a result, the client received three proposals from licensed lawyers, with flat fee bids ranging from $995 to $3,000, all submitted within the requested deadline of over a week.