Legal Question in Business Law in Ohio
I am purchasing 50% ownership in a business. My partner needs money upfront of the legal paperwork. What type of letter can I write to state that; this money is towards the 50% ownership in the business. So that I am protected.
Asked on 9/23/11, 3:37 pm
1 Answer from Attorneys
Joseph Jacobs
Jacobs & Lowder
You need to create a partnership agreement or LLC agreement. You need to make rules for how you get your money and how the business operates....plenty of issues here....call me directly if you need : 216.952.1990
Answered on 9/28/11, 10:19 am
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