Legal Question in Business Law in Tennessee
What if in a sole proprietorship the investors are not co-owners, simply investing money for a nice ROI? Do you have any examples of that type of agreement?
Asked on 2/12/10, 9:12 am
1 Answer from Attorneys
Caitlin Moon
C2Law
If this is a loan to a sole proprietorship, then the investors are lenders and the parties can execute a note with repayment terms (the ROI terms), and this can be secured by property owned by the proprietor/borrower - either real or personal property.
Answered on 2/17/10, 9:43 am
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