Started By
Message

re: Business investment question

Posted on 10/6/14 at 4:51 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 10/6/14 at 4:51 pm to
No, there is no guaranty the majority owners cannot vote to distribute anyway they see fit. Yes most times.

I'd need to know a lot more detail about the transaction, but the two answers above should guide you, and your attorney, to avoid these pitfalls.
Posted by JW
Los Angeles
Member since Jul 2004
4772 posts
Posted on 10/6/14 at 4:56 pm to
gotcha ... thanks. But what if the business is operating at a loss and that 10% partner is covering the majority owner's 90% responsibility. Would you consider that an extension of the investment into the business or at least a loan to the majority partner?

first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram