T2G to T1E to become a director of the sponsor company

Hi Immigration Gurus,

I have a strange situation here.

I'm currently under a Tier 2 General Visa. It's a 2 person startup (just the founder- British National) and myself(Indian) under Tier 2 General Visa. I knew the founder for a few months now and I wanted to work with him before I decide if we'd like to work together as cofounders.

We both recently agreed to work as cofounders and also have a few potential investors willing to invest in us(upto 250K).

I would like to apply for T1 E visa and here's additional information.

1. I do not own any shares in the company. I'm planning to quit my job and the founder will withdraw my COS. As soon as he withdraws the COS, I will become a legal director in the (same) company and own upto 45% pre-investment.
2. We have secured upto 250K funds. Raise the funds and get that transferred to the company account and apply for an Entrepreneur visa.

I have the following questions.
1. Would UKBA find this as a complex application and could potentially decline issuing me a VISA?
2. Is it better if I go to India and apply for a T1 E from India?

I'll be extremely grateful if anyone can explain if there are any potential issues that I'm not aware of.

P.S: It's a genuine business. We have generated a ton of PR. Recently got funding proposals from FCA regulated VC's.