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Originally Posted by zacs
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$$.
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It's not that people are afraid of their shadow, it's that the business world is cut-throat and if you don't CYOA, you *will* get burned.
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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.
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If he doesn't form a business entity with her and works with her in the form of an independent contractor, there are still a lot of bases to cover. If those bases are not covered appropriately, there's a possibility he works with her as an "employee at-will" and is kicked to the curb at any time without building any assets, there's a possibility that this wouldn't apply at all - I'm not an attorney, it's their job to know, not mine. My thought is: why work as an employee or contractor to help build *her* business when they can work together to build a business a joint business venture? Be the shepherd not a sheep.
zacs, I mean no disrespect but it seems like you have a whole deal of animosity towards lawyers. I was taught a $10k lesson rather early on in my business career due to not having a lawyer review our contracts to close out any holes and providing a very large job for a client and them applying a chargeback on their deposit and not paying their balance.