This girl said she put in 10,000 dollars to open this business and I can buy into it for 3,000. Going thru the reciepts I learned that she only put in 3,000 to start..now 2 months later I want out. Does she owe me any money
2006-07-24 12:19:02 · 4 answers · asked by taburn_72 1 in Business & Finance ➔ Small Business
It sounds like you might have a bit of a problem on your hands... Your question is a little vague though. I might have some tools that could assist you if you are open to find out contact me directly.
There are several things you can do... but to lengthy to go into here...
2006-07-25 18:51:59 · answer #1 · answered by mallicoatdd 4 · 0⤊ 1⤋
Yes, She owes you the value of your 10,000 SHARES. If you buy into a company, you can, at the outset say that each 'dollar' is a 'share' in the company. This way each investor gets shares in the company worth what they originally put in. Getting out, you merely 'sell' your 'shares'. to the other company owners.
Now comes the bad part. If the value of the company has 'devalued' during your tenure as investor, you could end up losing money. Get a good and impartial accountant to figure things up for you.
2006-07-24 19:24:04 · answer #2 · answered by Marvinator 7 · 0⤊ 0⤋
yes, its called capital accounts, any money invested by a partner is considered debt owed by the company so she has the option of buying you out or closing the business, paying off the debt with your investment being last owed.
2006-07-26 05:10:45 · answer #3 · answered by sillyshac 3 · 0⤊ 0⤋
Depends on what your contract says. If you went into a business to the tune of $3000 with no contract, you just got screwed, because she won't have to give you anything.
2006-07-24 19:23:18 · answer #4 · answered by powhound 7 · 0⤊ 0⤋