Taking over Parents business

My family owns a very small company which holds a contract to do under ground cable work in the Eastern U.S.

Tl;dr - take business or take job

The company now nets 2k weekly profit but has has potential for 30k by transitioning from sub contracting work to have in house workers/crews/ equipment.

The company receives work and they just push it to a sub contractor and take a 10% cut.

My parents proposed that I take over all operations for a 50/50 split. I will be responsible for company growth, day to day management, networking, bidding on contracts. They will handle to paper work. Which I would most likely take over myself to learn then outsource.

I have done this work on a smaller scale six years ago so I understand the basics of how it works.

The contracts are fickle but the reward compensates.

My reservations are that my parents use the company as a personal piggy bank and have no strategic plan for this company or really understand this concept. They have no exit plan in sight. My father has his own day job also in this field and amazing connections that he does not utilize. My mother files the billing from the sub contractor which is the only real work involved in its current state. They are great people however not great business people.

As for myself I am 26, just left Active Duty Army one month ago after 5+ years. In my spare time I read business books, finance books, bios about famous business people. I am currently working on building my first affiliate website and currently have a small FBA business that is quite unsuccessful lol. With this I am currently taking a small vacation to relax.

The real issue here is I have three big option on my plate this being one of them

1. I have two job offers to go work in D.C. one for 80K w/ 10K sign on, the other 90k. I am a Human geographer/ geospatial analyst by trait. In two years I would be management at 110k
2. In two days I have a stage III interview (Final one) with J.P. Morgan Chase for an apprenticeship as a Software Developer. I will be sent to a four month software dev boot camp to learn front and back end dev. This also includes one year of paid employment after class completion.

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I am having a sit down very soon to discuss the company and review their finances with them. I am not sure exactly what I should be looking. Should I be talking with a lawyer, getting contracts, taking shares. If I did take this over I would like to create something I could sell or use to buy smaller companies to grow. It needs to have a solid foundation.

My long term goal is to have enough cash/assets/passive income to not have to work unless I want or its something I want to do.

If anyone has any advise/inout about the business take over or my options available I would greatly appreciate it. I have never been in this situation before.

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