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I have a corperation that is a construction business in California . Looking at starting up granit company with partner that is not in corperation . But looking at taking him as partner in granit company.
1 ANSWER
I would recommend that your company and your partner set up a new company, maybe a corporation, maybe a limited liability company, maybe even a limited partnership, to operate the new granite business, in order to protect you and your company against any losses or claims caused by either the new partner or any employees of the granite business.
If you would like to discuss the proper entity, negotiate an appropriate agreement with your new granite partner, and setting up the appropriate entity, please call me at 510-286-2200, or email me at ds@sackrosendin.com
Dana Sack
Answered on Feb 03rd, 2014 at 1:42 PM