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greentea · 02-14-2004, 05:02 PM

But I have never done anything like this before.
I know you need 5% down, but what are the steps involved. Are there any really good online resources?

I'd go to the bank but they waste my time... because I'm too newb to know what they are talking about.

Any help is mucho appreciated..
Thanks

Sly_RJ · 02-14-2004, 05:07 PM

torrey · 02-14-2004, 05:20 PM

first things first, if youre seeking cash; inc. your business and in the proccess shit will be divided into 100 shares which obviously would represent 100% of your business, from there youre going to have to decide which areas of your business an investment will benefit, then have a lawyer outline the exact role an investor will play, and the overall parameters of sell-outs, buy-outs, and options.
You may as well be prepared to offer 51% percent (which equals total control) to the potential investor.
Other things to consider are "defining profits", "what is net?", and things like that. The entire proccess can be lengthy, especially if the deal is scripted properly.
I'd certainly recommend not wasting time with seeking funds from a source other than an industry related entity.

JulianSosa · 02-14-2004, 11:46 PM

Quote:

Originally posted by greentea
But I have never done anything like this before.
I know you need 5% down, but what are the steps involved. Are there any really good online resources?

I'd go to the bank but they waste my time... because I'm too newb to know what they are talking about.

Any help is mucho appreciated..
Thanks

-=HOAX=- · 02-14-2004, 11:48 PM

Real Estate.

"You need to diverify Yo' bonds nigguh." Wu Tang Financial

greentea · 02-14-2004, 11:50 PM

You are right

C.R.E.A.M

Cash rules everything around me

pornkitten · 02-15-2004, 12:02 AM

never give up, u can do it!

02-14-2004, 05:02 PM	#1
greentea Confirmed User Join Date: Mar 2002 Location: South Florida Posts: 6,580	GFY - Lets talk investment advice... loot. But I have never done anything like this before. I know you need 5% down, but what are the steps involved. Are there any really good online resources? I'd go to the bank but they waste my time... because I'm too newb to know what they are talking about. Any help is mucho appreciated.. Thanks __________________ blunts

02-14-2004, 05:07 PM	#2
Sly_RJ Live Hard - Die Hard Join Date: Feb 2002 Location: Ready to leave... Posts: 17,042	__________________ PHAT SERVERS - Quality dedicated hosting at a quality price! sly AT phatservers DOT com - 147479144

02-14-2004, 05:20 PM	#3
torrey Confirmed User Join Date: Jan 2004 Location: Pornslinga USA Posts: 1,656	first things first, if youre seeking cash; inc. your business and in the proccess shit will be divided into 100 shares which obviously would represent 100% of your business, from there youre going to have to decide which areas of your business an investment will benefit, then have a lawyer outline the exact role an investor will play, and the overall parameters of sell-outs, buy-outs, and options. You may as well be prepared to offer 51% percent (which equals total control) to the potential investor. Other things to consider are "defining profits", "what is net?", and things like that. The entire proccess can be lengthy, especially if the deal is scripted properly. I'd certainly recommend not wasting time with seeking funds from a source other than an industry related entity. __________________

02-14-2004, 11:48 PM	#5
-=HOAX=- Confirmed User Join Date: Dec 2001 Location: CrackYaMental Posts: 4,365	Real Estate. "You need to diverify Yo' bonds nigguh." Wu Tang Financial __________________ Insert Value Here.

02-14-2004, 11:50 PM	#6
greentea Confirmed User Join Date: Mar 2002 Location: South Florida Posts: 6,580	You are right C.R.E.A.M Cash rules everything around me __________________ blunts Last edited by greentea; 02-15-2004 at 12:01 AM..

02-15-2004, 12:02 AM	#7
pornkitten Confirmed User Join Date: Dec 2003 Posts: 1,412	never give up, u can do it!