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-   -   GFY - Lets talk investment advice... loot. (https://gfy.com/showthread.php?t=236690)

greentea 02-14-2004 05:02 PM

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

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

:eek7

-=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!


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