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No one is sure about sticking it out with this company and I doubt any of the owners would want to put the time and money into becoming an investible entity. Without becoming an investible entity, I have no guarantee that I will receive anything - other than the written contract we sign, right?

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Indeed.

If you can't even get it into an investible entity then i'd just walk away. Sure there is a slight risk what sounds like a miracle will happen but it doesn't sound like the others have the enegy to do this. You don't get to make a successful company without comitment.

Chalk it up to experience.

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