Legal Question in Business Law in Florida
Hi,
I will start an online travel agency and there some investors that will put the initial funds but want a certain percentage of participation. I have to add that the future of the business is uncertain and the investors will fund the pre-startup process (proceedings, travel expenses, incorporation fees, etc) and depending on the results they will decide if whether to continue supporting the business or not.
I have two specific questions:
1. What type of corporation should I use?
2. What could be the right percentage for the investors?
I will really appreciate your help, please.
1 Answer from Attorneys
These are excellent questions, but not suited for an online forum. I advise you to find a lawyer in your city who is experienced in new business start-up work, and have an in-person consultation with him or her. Your business and investors will thank you.
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