Page 1 of 2 1 2 LastLast
Results 1 to 10 of 11
  1. #1
    Join Date
    Mar 2014
    Posts
    5

    Default How to Register a Business Partnership

    My question involves business law in the state of: California

    hello I am currently enrolled in a community college. i brought quite a lot of money from home to pay for my studies in the usa. while in the usa i met a person that told me if i wanted to be business partners by investing 25,000 and she told me we would go half and half on the profits and that i would have 49% of the shares and she would have 51%. however all the business licences and everything that has to do with the business is under her name. the only thing she did for me is put me as a signer in the business account. my questions would be 2:

    how should i register in this business and with whom and/or where? (Glass business)

    Can i register that i own 49% of the business even though i am an international student on F1 visa? i dont have a social security number yet. i'll get one after my first year in college


    By the way we've already got our first check from the first job. the thing is that i am starting to feel kind of edgy because she took 65% of the money that we've got from the first check and i dont want to be victim of a scam.

    I live in southern california by the way.

    Thank you

    thank you

  2. #2
    Join Date
    Dec 2009
    Location
    Lake Chapala
    Posts
    2,987

    Default Re: How to Register Myself As a Partnership

    You have been scammed.

  3. #3
    Join Date
    Mar 2014
    Posts
    5

    Default Re: How to Register Myself As a Partnership

    please tell me how should i register or where should i register myself

  4. #4
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: How to Register Myself As a Partnership

    There is nothing for you to register. If the current company is a partnership and you are a partner, you already must be registered as a partner. If you are not listed as a partner or some other business entity if the business structure is something other than a partnership, it would appear you are nothing more than an investor.

  5. #5
    Join Date
    Dec 2009
    Location
    Lake Chapala
    Posts
    2,987

    Default Re: How to Register Myself As a Partnership

    Quote Quoting funes
    View Post
    please tell me how should i register or where should i register myself
    Why on earth would you want to continue a connection to someone who is scamming you?

  6. #6
    Join Date
    Mar 2014
    Posts
    5

    Default Re: How to Register Myself As a Partnership

    because she basically has my money and need to either get all my money back or find a way to protect myself against scams.

  7. #7
    Join Date
    Jan 2014
    Posts
    118

    Default Re: How to Register Myself As a Partnership

    Quote Quoting eerelations
    View Post
    Why on earth would you want to continue a connection to someone who is scamming you?
    Obviously he is willing to turn the other cheek; then having two more to spare that seem to be encasing his head.

  8. #8
    Join Date
    Dec 2009
    Location
    Lake Chapala
    Posts
    2,987

    Default Re: How to Register Myself As a Partnership

    Quote Quoting funes
    View Post
    because she basically has my money and need to either get all my money back or find a way to protect myself against scams.
    Entering into a formal business relationship with her will absolutely not get your money back. It won't protect you from further scams either - all it will do is make you more susceptible to scams.

  9. #9
    Join Date
    Mar 2014
    Posts
    5

    Default Re: How to Register Myself As a Partnership

    I will keep this updated. we will talk both, this lady and me this week and of course i will ask her what makes her think she can just grab 65% the money from our account without even telling me a single word about it.

    i told her we needed to capitlize the business first so we can lease a place in order to legitimize the business. as for now we are only doing wholesale to dealerships.

    I really wonder what her answer is going to be.

  10. #10
    Join Date
    Dec 2009
    Location
    Lake Chapala
    Posts
    2,987

    Default Re: How to Register Myself As a Partnership

    She is not going to give you the money back, and she is going to take the remaining 35%. It doesn't really matter what she says to you, this is what she is going to do. You are living in a dreamworld if you think otherwise.

    Your best option would be to tell the police your story and see if they can do anything for you.

    1. Sponsored Links
       

Page 1 of 2 1 2 LastLast

Similar Threads

  1. F Visas: Starting a For-Profit Business Partnership on a F1 Visa
    By funes in forum Visas for Business, Tourism and Family
    Replies: 2
    Last Post: 03-11-2014, 05:10 AM
  2. Business Ownership: Terms and Condition of Partnership Business
    By ecodesystem in forum Business Law
    Replies: 1
    Last Post: 06-26-2011, 12:58 PM
  3. Business Ownership: Ending Non-Profit Business Partnership - but Keeping Business Open
    By Anniecorbett in forum Business Law
    Replies: 1
    Last Post: 05-21-2011, 05:19 AM
  4. Theft and Larceny: Verbal Agreement Business Partnership
    By wabbitiswild in forum Criminal Charges
    Replies: 1
    Last Post: 09-05-2010, 10:03 PM
  5. Business Issues: Bad Business Partnership/Relationship
    By integrity80 in forum Business Law
    Replies: 1
    Last Post: 01-21-2010, 11:20 AM
 
 
Sponsored Links

Legal Help, Information and Resources