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Partnership

Discussion in 'Starting a Business, Incorporation' started by Bill_x, May 17, 2019.

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  1. Bill_x

    Bill_x Law Topic Starter New Member

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    Jurisdiction:
    European Union
    I have a very simple question. I am about to embark upon a partnership but what I am offered are two options:

    a) classic partnership agreement with an owner of a company on joint project that will be financed through his company.

    b) direct partnership with a company on a joint project

    My question is: which is more favorable option for me. General idea is that once the finance exceeds a limit the owner of that company and myself will start a new LLC around our joint project. Moreover, my source of confusion is associated with financing. If a partnership is signed between two individuals with the intent to establish a new LLC once sufficient capital is raised, is it possible to transfer the raised amount to the new LLC, or is this a problem? How is this seen from a legal point of view and is it a common practice. Furthermore, what happens in the second scenario if a partnership is signed directly with a company agreeing that upon raise capital a new LLC is formed between the owner of that company and a signing partner? In all cases the shares are distributed equally.

    Is there a better solution?

    Thank you
     
  2. Zigner

    Zigner Well-Known Member

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    Sorry - this forum is for US law matters only. You will want to seek out local legal assistance.
     

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