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?
ujyalo · Mar 8, 2015 7:49 PM · 4,592 views
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.
paani_ma_paade_jasto · Mar 8, 2015 9:48 PM
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.
Ruben123 · Mar 9, 2015 6:39 AM
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