My friend has a business (incorporated) of which he is sole owner. We want to bring me in as a partner in this business but I am unclear on the paperwork, process, ect... for making this happen. Has anyone had any experience doing this?
2007-08-07 05:42:32 · 3 answers · asked by Anonymous in Business & Finance ➔ Corporations
If this is a company and not a partnership, you do not become a partner. You can be a shareholder in which case you have to buy some shares in the company. The co. can allot new shares to you or you can buy them from your friend. You can be also be appointed an additional director if you want a say in the co. All the paperwork like preparing resolutions to allot shares and appoint director, etc, can be done by the company secretary. Every co. must have a co. secretary and these tasks are part of his duties.
2007-08-07 17:57:15 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
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2007-08-10 18:15:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You need to purchase some stock, either from this guy or from the corp. You will likely need an attorney.
2007-08-07 06:00:01 · answer #3 · answered by StephanieS 2 · 0⤊ 0⤋