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Ellen
Ellen, Attorney
Category: Business Law
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Experience:  25 years of experience helping people like you.
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I have an oil and natural gas investment company with clearly

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I have an oil and natural gas investment company with clearly defined capacity. I have a new opportunity that exceeds the scope of my company. Is it illegal for me to set up one or two more investment companies to partner with my existing company to complete the project?
Hello,

It is acceptable to set up one or two more investment companies to partner with your existing company to complete the project. If you have other investors in the current oil and natural gas investment company, you will typically need to disclose your relationship.
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