Legal Question in Business Law in Florida
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
Asked on 6/06/13, 7:20 pm
1 Answer from Attorneys
Jane-Robin Wender
Wender Law, P.A.
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.
Answered on 6/07/13, 8:25 pm
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