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

I'm opening a business with a friend who would like to be an investor.?


How do I protect myself so their spouse don't go after my business in the future. They do not have a prenuptial agreement.

See a lawyer about getting papers drawn up. Does he want to be an active partner or just front money? You can have the business sell shares (without being a public company). For example, you could create 100,000 shares. Give yourself, e.g., 25,000 and if your trying to raise $25,000 from your friend you could sell him, say, 12,500 at $2.00 a share. Your still the majority but it gives him an equity share. This doesn't solve the problem as far as keeping his spouses hands off of it if something should happen to him though. If they are married then the shares would be hers if something happens. She'd have to find someone to buy them but that doesn't necessarily have to be your business. Of course, she would still have voting priviledges depending on the type of stock sold. Again, see a lawyer.

get a good lawyer to help you to get the proper paperwork drawn up so that everything is legal and fair

Definitely incorporate!!!!! Its pretty simple and there are a lot of different services.

Here is some information to help you out.

http://www.nomorecubes.com/incorporation

Tags
  Make Money   Low Risk Investment   Long Term Investment   Investor   Investment Fund   Investment Trading   Investment Strategy   Investment Services
Related information
  • I have the next big idea for the online poker industry but need an investor any advice on how to find one?

    Most online poker investors and inspring entrepreneurs hang out at the largest collection of poker affiliates in the world. this is located at pokeraffiliateworld.com. If you become a member ther...

  • What would the acronym LTM stand for in the context of an airline industry investor relations webcast?

    Last twelve months. It is a useful way of talking about a more current yearly snapshot of how the company is doing (as opposed to talking about last calendar year's results).

    ...
  • Do you think that unit trust is the good investment tool for non-professional investor?

    Unit Trusts or Mutual funds is a good starting point for investors who do not have the time to research on stocks themselves. The Pros are: 1. save you the trouble (or robs you of the fun of) o...

  • I'm on a budget how can I obtain a list of qualified real estate investor/buyers?

    Go to www.webuyhousesforcash.com or other similar websites. you may google real estate investors

    ...
  • What is a second mortgage and how can an owner and a bank or private investor benefit from it?

    A second mortgage is using the equity in your house to leverage an additional mortgage. Some call it a home equity loan, although technically slightly different. It is totally different than a ref...

  • I can't sell my home and am desperate. How can I find a legitimate investor to buy it without getting screwed

    There are several ways in which to do this. You seem to be ready for a fire sale. You have to decide how much time you want to spend selling this home. Have you had this property on the market...

  • How do I determine the legality of trading on information that I recieve from the Investor Relations Departmen

    If you received it from the Investor Relations Department there is no libility to you to trade upon it. It is public information or at least you can assume that it is.

    ...
  • I heard it's a good time to enter the market as a 1st time investor?

    Don't rush into it. Make a list of what you are interested in buying, do some research into the companies, decide what price you would be willing to pay, etc. You are guaranteed to see ...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster