Florida  |  Business Law

Legal Question

Asked on: 9/29/11, 12:46 pm

What is the name of your state (only U.S. law)? Florida

I have a few questions but first ill give you a little bit of what is happening.

I met a woman who has a company but she does everything herself. She is wanting to expand but can't do it without help. I have met a few times with her and she is wanting no monetary help, all she needs is someone to run the office while she sales. so my questions are the following.

1- How do I build a partnership with someone who alreayd is in business?

2- Should I open a LLC and her sign over 50% of the company to my company?

3- If there are old debts im not aware of is there any way when im doing the contract that i would only be liable for debts incurred from the date of signing and on?

4- Your advice on what I should do if none of the above can be done?

5- How would I draw my pay on what is left after paying all the bills, and would I have to open a business account under my new business or if your suggestion is to partner into her business do i need to have my own account also?

For now all i have are these questions, but if you can think of any troubles i might encounter and guide me it would be much appreciated.

Thank you very much in advance this website is a lifesaver.

Peter

1 Answer


Answered on: 10/03/11, 11:10 am by David Slater

Use a partnership agreement.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


David P. Slater, Esq. 5154 Windsor Parke Dr. Boca Raton, FL 33496

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

125 Answers given in the last few hours.

8663 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search