So I have a friend that wishes to start her own business but she needs capital.
I am willing to give her the needed capital of £2,000 for a 15% share in the business...
I have no idea what I'm doing!!
Iv never invested before, iv never ran a business, I have some spare cash that I'd rather invest in someone than be sat in the bank.
What do I do in regards to tax?
What type of contract do I need to create and how do I create it in order to not get stung or even kicked out of the business if we ever fall out for whatever reason?
Do I need to seek a solicitor?
What other things do I genuinely need to look into doing?
Any and all detailed information you can offer is appreciated.
Many thanks,
Carl
I am willing to give her the needed capital of £2,000 for a 15% share in the business...
I have no idea what I'm doing!!
Iv never invested before, iv never ran a business, I have some spare cash that I'd rather invest in someone than be sat in the bank.
What do I do in regards to tax?
What type of contract do I need to create and how do I create it in order to not get stung or even kicked out of the business if we ever fall out for whatever reason?
Do I need to seek a solicitor?
What other things do I genuinely need to look into doing?
Any and all detailed information you can offer is appreciated.
Many thanks,
Carl