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by Alaskacatalog on March 6th, 2007
My wife and I are opening a laundry service in Kansas, The owner of the laundromat is wanting a % of sales what would be a fair % ,no rent
by Calvin_V on March 17th, 2012
| 1 person likes this
how do you get a buisness loan of 50,000? i want to start a rc hobby shop but dont know where to start
by robthatguyx on January 22nd, 2012
| 4 people like this
What is the purpose of work goals?
by Bí_N on March 8th, 2012
| 1 person likes this
how to expand my work in USA?
by ro2az on March 16th, 2012
| 2 people like this
Which type of business entity is best to use for starting a small wedding planning business in the UK?
by Mimi_M on February 19th, 2012
| 1 person likes this
You're reading In starting a new business, how do I ensure ownership status if I have no money to invest, and am using outside investors?
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Comments
What if they do own a percentage of the business?
by jeffrey on March 7th, 2007
Again, I'd pay the $35 to consult an attorney- it'll cost more if you actually use him. ____________________ALL things should be spelled out on paper- ALWAYS- or nothing holds up in court. _________________________How much % do they own, and can you be voted out / fired [maybe have a clause that things will be reviewed at the end of 1 year; if the biz is not seeing a profit under your control, they have the right to 'buy you out', based on the man hours you have put in and the percentage you have earned so far.....] Whatever.
by Alaskacatalog on March 8th, 2007