Sole-owner to partnership?
justinboyd101 subscriber Posts: 11
edited February 2009 in Selecting a Business
I am about to send in the paperwork to form an LLC. How easy is it to go from sole proprietor to a partnership? Do I need to be a partnership anyways if I`m going to have investors?
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Here is the number of an attorney in New Jersey. He offers 1/2 hour free consultations and can answer some of your questions:
Daniel A. Pepper, Esq.
here is his website: www.informationlaw.com
The other thing too is that I`m going to have investors and I don`t necessarily know if having investors makes the LLC a partnership anyways.
.. there are so many issues, revolving around, time, money, whos boss of what area, getting out, how to value if one wants out, honesty, work ethic.. etc etc.... its really hard...
be sure and make a great exit agreement that you both accept while you are on good terms...