>Good Morning!
>
>I recently met with the President of a very large insurance
>and investment company to look at a building they just
>purchased. It turns out the location and the building itself
>is absolutely perfect for my shoppe. They are going to
>renovate to suit, and allow me to use the first floor AND
>basement for $1500 a month (which is a steal considering where
>it is located!).
>
>While talking with him, he asked if I was interested in a
>partnership. He really likes my idea and expressed interest
>in the business.
>
>My question is ----- how does an investment partnership work?
>I am unwilling to give up any control over the product and/or
>day-to-day operations.
>
>How does paying the return on investment work? I've been
>searching the internet for answers to these questions --- but
>the answers I have found are way too "finance-speak"
>for me.
>
>Could someone break it down for me???
>
>Thanks so much!!!

Lisa

I think that it is important to at least understand some basics of the type of agreement that you are getting involved in. There is a book by Garret Sutton, Esq. called Own Your Own Corporation in the RICH DAD POOR DAD book series that puts everyting in terms that we understand. It discusses entities, the advantages and disadvantages of each plus it also gives examples.

Mike63