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lwpat, Attorney
Category: Business Law
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Experience:  Attorney with over 35 years of business experience.
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is it legal for a one man corporation to accept cash towards

Resolved Question:

is it legal for a one man corporation to accept cash towards an investment in that company without it being official with the gov't, ftc, etc etc?
Submitted: 5 years ago.
Category: Business Law
Expert:  lwpat replied 5 years ago.
Yes it is since this is not a public offering. You can sell a share of the company or simply do a promissory note. If you are taking in a partner you need to execute an operating agreement. Getting into business with someone is easy, getting out is always the problem.
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