We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
December 05, 2021, 07:49:34 pm
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
December 05, 2021, 07:49:34 pm
Home Help Search Calendar Login Register

Author Topic: Partnership Agreement  (Read 2877 times)

Offline tauyan

  • Member
  • *
  • Posts: 16
Partnership Agreement
« on: March 03, 2009, 12:17:27 am »
Would anyone care to share with me what kinds of addendums are used on agreements with a partner(s) to finance your deals? 

Offline BLL

  • Member
  • *****
  • Posts: 2015
Re: Partnership Agreement
« Reply #1 on: March 03, 2009, 08:22:49 am »
Are these partners financing only or are they providing knowledge or sweat equity? Is there profit sharing involved?

Offline tauyan

  • Member
  • *
  • Posts: 16
Re: Partnership Agreement
« Reply #2 on: March 03, 2009, 09:19:31 pm »
Profit sharing, yes.

Offline BLL

  • Member
  • *****
  • Posts: 2015
Re: Partnership Agreement
« Reply #3 on: March 03, 2009, 09:46:17 pm »
Do an LLC instead and work out all the details regarding investment capital, profit distributions, sweat equity, cashing out and anything else you can think. A partnership will expose you to any misdeeds of your partner.
« Last Edit: March 04, 2009, 07:31:11 pm by BLL »

Offline tauyan

  • Member
  • *
  • Posts: 16
Re: Partnership Agreement
« Reply #4 on: March 04, 2009, 07:20:24 pm »
great!  thanks!

 




SMF 2.0.15 | SMF © 2017, Simple Machines