Licensing questions
Carolrood
subscriber Posts: 1
I happened to run into a business owner who is looking for someone to get into a "licensing agreement" with to expand his business. I would use his business name and entrepreneurship skills. Should I be putting up all of the funds to open the business? How much of the profits are usually given? Whats should I be aware of so I am not screwed? Can I ever "buy out" of giving some of my profits? Help! When do I get to look at the books to establish whether the earning potential is what I need? When do I need to hire an attorney???? Thanks in advance for any advice!
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Carol