[goofygrin]

We've had "the talk" multiple times and have had paperwork for a while, just nothing signed (so I consider it worth nothing).

I renegotiated more equity with the last round of work.

I talked to him tonight and we're going to get the paperwork updated and get everything squared away now that things are picking up. He also got sold a key man policy, so there's some paperwork there that we have to do.

[drusenko]

perfect, it sounds like you are a lot more far along than you originally sounded to be... there's nothing wrong with being trusting, it's just that the longer things go, the larger potential burden it becomes on the friendship, and by sorting things out, it sounds like you're on the right track :)