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I am not sure of legal requirements and insurance requirements for your situation. I am also unfamiliar w/ the abbreviation, SMEL. However, as to the practical issue of yourself getting certified and then teaching your bosses my input would be "no sweat". I think the Skymaster is both easy and a pleasure to fly. It is much easier to fly than the Mooney. I can spend an hour fine tuning the engines/ props as I fly, but it is not necessary. As one is learing one can certainly err on the side of running rich and no harm is done. If you can get insurance, and I am sure you can, than I think your plan for your bosses is great.
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