Additional Details Needed.
Person A, B and C are all managing members of Company X, (An LLC).
Person A, B and C all agreed that person C would not take part in the
particular Venture (Let's call it Venure 1) and that only Person A and
B would make the investment via Company X.
Venture 1 is a cash investment in a covertible Note for another
Company (Company Y).
On Apr 7, 7:21=A0am, Flip <fliple...@gmail.com> wrote:
I have a pretty basic agreement that I need to create.
1. =A0Person A, B, and C, own Company X equally (1/3 each).
2. =A0Person A and B decide to invest equally (50-50) in a deal through
Company X without person's C involvement.
I want to create a legal agreement that states the comapany will pay
all returns from the venture invested in Company X equally to Person A
and B.
Does anyone have a sample legal document like this that I can use as a
template?
Thanks in advance,
Phil
