Localfund.com - All about Fund and Investment
*Home>>>Business Invest

Business with a family member....?


a family member approached me regarding a business. They would invest it and I would provide the labor. They invested 200,000 into the business acct.everything was agreed verbally, nothing is on paper. we agreed to share profits and losses. Now they want their money back I agreed to make payments monthly onbehalf of the company to pay the amount they requested w/interest. but she wants me and my heirs to be personally liable incase something were to happen to the corporation (Inc). now she says you either sign the agreement that you are personally liable for or i am going to take you to court.!
what case does she have?? and what choices do I have???
Please help!!!

son of gun..........

dats bad ur power is dat nothing is written.....do not sign dat paper or else ur children & u wil spend al ur life payin dis huge sum of money.

Look let her take u 2cort she doesnt have any rite or authority to make u pay 4m ur personal assets.

Acc to da law ur company and u and different legal identities so der is no problem in u not payin 4m ur pocket. Let da business bare da entire thing.

Pl don dig ur own grave by signing dat.....

all da best
let da truth win...!!

Tags
  Capital Investment   Business Investment   Business financing   Business Invest   Business Debt   Bond Investment   Angel Funds   Alternative Investment
Related information
  • What do I need to know to start my own business in Real Estate Investing?

    You should always run your Real Estate Business as an entity of some sort; ie. (Corporation, Limited Liability Company, Limited Partnership, or Combination such as a Limited Partnership with your C...

  • How can i start home based on line business with investing no money?

    Best Start a Home Based Business Based on YOUR Know-How Find the type of business on the link below that best describes what it is that YOU do (or want to do). Then see how to truly use the Net ...

  • WHY do venture capital funds invest in businesses I just don't get this read below?

    The VC's are looking for firms with strong business plans and executives/staff with proven expertise or a lot of promise. They get their payoff when the company goes public - they get in retu...

  • How do I start an successful online business without investing, or having to make a sophisticated web page?

    I am from China.Our company has cooperated with many foreign companies.We have supplied 2006winter Olympics beach towel,and T-shirts,caps for USA army.We can supply you every products producting in...

  • What the best university course for business and investing?

    Finance, financial accounting, statistics, math, economics. All that comes with a degree in finance.

    ...
  • Is it possible to do business without investing money?

    sure, intelligent people do biz with other's money. Get some brilliant plan, look for the partner and there you are.. a smart biznessman ! want to be my partner? your money and my brain?

    ...
  • How do i find somebody who will help fund my business plan at 19yrs old?

    An idea is just an idea unless it can be proven to work. Do something on a small scale that will prove that your ideas do produce a profit... then you have something more substantial to show an...

  • I would like to know how to find out about companies just starting up to invest in?

    Look IPO (intial public Offering) on the internet such as Yahoo Finance or marketwatch. These are companies that are offering stock for the first time -

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster