Thank you for your question, which I am reviewing. Please stand by
Is the first business that you two opened up together incorporated?
Also, what is it exactly which you need a co-signer for?
it would be a sister company, so oficially not part of it, but it would be a play on the name so we can expand on the same client base we already have.
I do not have any share or part of the current business, I thought i was working towards that but now she changed her mind, and as a solution the new venture was her suggestion.
The LLc would be in my name and the lease of the place would be in my name(with another co signer who would be a silent only on paper partner, and she would be the physical partner, just not legally.
That was not what i was saying with the new LLC taking over the operations of the old company, however, Is that possible?
Is there any way that we can protect the old business from becoming half her husbands?
I case we do as you mention (new LLC taker over operations) can we protect our selves?
the actual question was how I protect my self from becoming part of their family drama by signing a company that's somewhat linked to the old company.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).