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  1. 2

    Corporate Law Did they take my money and run?

    Two years ago, my partner and I paid $10,000.00 to friends for a 20% share in their new business, which they later registered as an LLC. We made them sign a receipt for money which stated that "Upon full payment, the OWNER shall execute a DEED of OWNERSHIP in favor of the buyers, conveying the...
  2. 2

    Consumer Law, Warranties Verbal business agreements gone bad

    Nearly two years ago, my partner and I paid $10,000.00 to trusted friends for a 20% share in their new business, which they later registered as an LLC. We made them sign a receipt for money clarifying our ownership which stated that they would provide us with a "deed of ownership," but that...
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