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Joint Venture or S-Corp
by SeLean, Window Shopper
- Created: March 3, 2013, 9:25 am
Hello, I am working with a partner to sell goods from US to Europe. My
partner already had an established company and we decided to use its name to
market our products and enjoy benefits of marketing as an established
business. Now I need to be either added to his company which is an S-Corp but
don't know how to make sure I won't be liable for the past operations of the
company. Or I need to open my own company to go to a joint venture with his
but I don't know what that may entail in terms of capital that needs to be
put into the business because I read that both companies should equally
invest.
Any suggestions??
SBA Community

JGabriel | Community Moderator | 3/7/2013 - 10:58 am
BizResearcher | Window Shopper | 3/5/2013 - 12:20 pm
partnership, you will need a legal partnership agreement to protect both of
you. You do not need to equally invest if the partnership agreement details
the terms of the partnership and the responsibilities and rights of each
member.
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