Navigating a Job Offer: Balancing Equity Concerns and Final Interview Prep

I’ve been in discussions with a client of mine for a potential job opportunity that could lead to ownership. We’ve known each other for about seven years, and after two informal interviews, it seems like we’re nearing a deal. He’s looking to hire me as a sales rep/designer, with the plan to promote me to general manager in three years, as he intends to retire within five years. We discussed equity early on, and I made it clear that I’d only be interested in a long-term GM role if it included equity, either through sweat equity or a buy-in. He envisions me eventually taking over as the primary owner. My final interview is coming up this Friday, where we’ll cover logistics, timelines, and workflows. He has already provided the pay scales and structure in writing, which is a good sign. However, I’ve been advised by a few people to request the company’s Profit and Loss report before I accept the offer, especially since equity is part of the discussion. I see the value in this, but I’m concerned that asking for it might annoy him or jeopardize my chances of getting the job. I want to approach this carefully since we have only worked together in a vendor-client relationship so far. The equity terms are still somewhat vague, as he wants to evaluate how the first year goes before finalizing anything. The offer includes a solid one-year probationary period, which adds another layer of consideration. I’m torn between wanting to ensure I’m making a sound decision and not wanting to come off as distrustful. Should I ask for the P&L now, or wait until the equity terms are more clearly defined?

Job title: sales rep/designer

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