Quote:
Originally Posted by MakoMike
Putting it all in writing is to both of your advantage.
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This can be done without a lawyer. And nobody said anything about not putting it in writing. It NEEDS to be in writing.
It is so sad that everyone is so afraid of their own shadow that lawyers are called in for everything. I'm suprised you guys don't bring lawyers to the batroom to negotiate how much $hit the tiolet paper is going to wipe from your a$$.
If you are going to form a new entity that is different...you would need someone to go through the RI BS of forming any sort of corp or LLC, but is certainly doesn't sound like it is going that way.
So you are basically acting as a 1099 consultant to help her get a mushroom business off the ground. Work out the deal, write up a quick letter with your understanding of the details and then you both sign it.
jump on the opportunity before it is lost. maybe you won't end up with your own mushroom farm after a couple of years, but you will have learned everything there is about starting up larger scale production than your basement, and you will make some money. Plus you will learn processing & distribution from her. Once you have saved up, start your own thing, or try to buy a piece of her's.Then live happily ever after. In the dark.