QUESTION
Investing money into new business with multiple owners
Asked on Mar 05th, 2015 on Business Law - California
More details to this question:
Gonna invest 30k for 30percent of the new business with 3 partners. The 3 partners are all long time coworkers that will branch out and are all highly respected in there field which would make this a really good investable plan. Here's the problem I'm not one of the partners my girlfriend Is she's a long time liive together 3+ years wedding in the future etc... she doesn't have the all the cash needed I can and don't mind investing 30 out of the 50k. So my questions?? If I put this money up is there any forms contracts anything!! I can put into writing other than it being a straight loan arrangement. What would you do?? What can I do?? Not looking to loan her money but to invest in her share or the business.
1 ANSWER
2 Awards
It all depends on the stucture of the business and whether there are restrictions for transferring ownership. Most small companies have limitations on who the owners can sell a portion of their interest to, so your girlfriend may be restricted from tranferring a portion of her interest, consistent with what you invested, to you without getting the consent of the other owners.
I would need to know more about the specifics of the business to answer the question more definititely.
Thanks,Jon
Answered on Mar 06th, 2015 at 12:17 PM