Enterprising Employee Presses to Be Partner

I have a successful, small, nutritional-marketing company. My sales manager has located and researched a new product manufactured in the Pacific Rim that he thinks we could import and repackage for sale in the U.S. He wants either to form a separate company and become my partner in this new venture or receive an ongoing percentage of the net profits. How should I handle his requests? —P.M., Pacifica, Calif.

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