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One followup question before I accept... thank you by the way, you have been helpful and there was only 1 page of the agreement... only a signature page to follow.
The company in the agreement, the individual owns the company and it is not doing business with this company so he used it as a DBA instead of setting up another corporation. He told me as a 1120 company, that he owns all the stock, and that the agreement simply establishes an agreemtn about how we would split the profits of the transactions under housecalls for kids. If there was a lawsuit against this older company, would I have ANY liability? He states that since I will not be a stockholder, that If anyone would sue the company for previous issues, I would have zero liability.