Yes. This is possible. Assuming the foreign owner would like to operate through an LLC, you would need a well drafted LLC operating agreement to protect both of your rights. We handle this type of work, but so do many business attorneys in NY. Please feel free to contact us if you would like to discuss a possible representation.
Please note that this answer is not intended to serve as legal advice for any purpose. All legal advice rendered... more
Please note that this answer is not intended to serve as legal advice for any purpose. All legal advice rendered by Kurzon LLP is done pursuant to a validly executed engagement letter signed by a partner of the firm.
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Lots of ways to do this. Company could own 50% of the company and you could own 50%. Anyway you look at it you need some form of partnership agreement to spell out who gets what and what happens in various situations. Here is an article we wrote on business entities. We would be happy t help you.
The content of this answer has been prepared by Scott Legal Services, P.C. for general informational purposes only.... more
The content of this answer has been prepared by Scott Legal Services, P.C. for general informational purposes only. It is not legal advice and should not be considered or relied upon as legal advice. Transmission or receipt of the content of this information does not create, nor is it intended to create, and receipt does not constitute, an attorney-client relationship. Because each matter involves differing facts, online readers should not act upon the content of this website without seeking legal advice.