foreigner in business with Filipino partner

larrydd9@gmail.com · 1 foreigner in business with Filipino partner Fri Jul 29, 2011 11:58 pm

larrydd9@gmail.com

Arresto Menor

Posts : 3
Join date : 29/07/2011

Hello, I want to start a food franchise with partner in the Philippines, I am an American citizen, and just want to act as a investor and use the business for passive income. The business would have to be in her name, is there any way I can be protected? Can I do it without being exposed to loosing my money? and getting cut out of the Business? Thank you, or Samamat po

attyLLL · 2 Re: foreigner in business with Filipino partner Thu Aug 04, 2011 8:32 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

you'll have to draw up a contract. i recommend lower returns so it will be a loan. that way you will be entitled to collect even if the business closes. ask for post dated checks.

foreigner in business with Filipino partner

1 foreigner in business with Filipino partner Fri Jul 29, 2011 11:58 pm

larrydd9@gmail.com

2 Re: foreigner in business with Filipino partner Thu Aug 04, 2011 8:32 pm

attyLLL