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Lobby Startup Stew topic #2020

Subject: "shares offered" Previous topic | Next topic
optimistic62Tue Jan-19-10 08:07 PM
 
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"shares offered"


          

my wife and i created an s-corp where she is 51% owner i 49%. we invested 10,000 (bldg, eqip etc.) for our start-up pizzaria. we couldn't get the remaining 65k(a business credit line)due to our credit scores. so we invited a 3rd person to become an officer of the company therefore using their credit score (820) to obtain the final funding. our question is how much percentage should this 3rd person be given for helping us obtain a business credit line? we are not asing this person for any capital because without their credit score it would have taken much longer and a higher interest rate and possibly using our home to obtain the 65k on our own.also what control if any should his person possibly have?

letsgetitstarted

  

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