Legal Question in Business Law in Tennessee

investers

I have friends who want to invest

in my company. I have an LLC,

I am the only manager, my wife & I

are the only members. These

invester only want to invest, have

no intrest in management or being

a member.


Asked on 12/18/08, 12:02 pm

1 Answer from Attorneys

Alan Crone Crone & McEvoy, PLC

Re: investers

If they are going to "invest" that means that they will get equity in your business (become members). You would need to agree under what terms they are giving you the money and how they will realize a return. There are many ways to structure such an agrangement, you need a lawyer to help you with that. If you have a more specific question, I would be happy to address it.

Read more
Answered on 12/18/08, 12:09 pm


Related Questions & Answers

More Business Law questions and answers in Tennessee