Florida  |  Business Law

Legal Question

Asked on: 6/06/13, 7:20 pm

I am bringing a product to market and a friend of mine is putting up all the money. He wants to do a 60/40 LLC so he gets more of the profit because he is taking all the risk (which is understandable) How do I protection myself so I dont lose ownership rights to my product? Thanks

Michael

1 Answer


Answered on: 6/07/13, 8:25 pm by Jane-Robin Wender

You MUST. Contact a lawyer to draw up a legal and binding contract. No handshakes, no going it in your own. You need to incorporate anyway.


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JANE-ROBIN WENDER, P.A. 3333 S. Congress Avenue, Suite 305 Delray Beach, FL 33445

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