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ujyalo
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Posted on 03-08-15 7:49
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I am trying to put some money in a restaurant business under someone's name. How risky is it? Can I have my name under the business or not? what if they took all my money and say I never invest money on their business?
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paani_ma_paade_jasto
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Posted on 03-08-15 9:48
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don't invest a dime without making any legal documents that proves your investment. Make it clear on the document that you are investing, not just lending money. Had a very crazy scene with one of my friends , who invested in a store with his relatives.
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Ruben123
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Posted on 03-09-15 6:39
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restaurant is very involved business. it would be better if you could setup a paperwork mentioning the work-division (if any), how much are you investing and a provision to get out of the deal if things doesn't work out between the partners. if you are in some sort of visa, i heard somewhere that you could make an investment on any business like you could legally own property... better if you discuss in details with your partner and lawyer.
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