What to do if I’m in the process of starting a kennel business and own the building/land but my business partner wants me to list her on the deed as well?
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What to do if I’m in the process of starting a kennel business and own the building/land but my business partner wants me to list her on the deed as well?
I want to know is that a normal process or should it be OK for us to start the business as it is? I want to make sure that I cover myself in the event the business does not work out.
Asked on July 14, 2014 under Business Law, Georgia
Answers:
Shawn Jackson / The Jackson Law Firm, P.C.
Answered 9 years ago | Contributor
Keep the real estate and the business is two seperate entities. Unless you are selling the real estate to your business partner, why would you want them on the title. You will want to consult with an attorney in your geographic State for further consultation.
Shawn Jackson California Business Attorney
Maury Beaulier / MinnesotaLawyers.com
Answered 9 years ago | Contributor
Much more would have to be known about the business and its structure. If the business does not own the preperty, there is no reason that the other business owner need to be on the title. Certainly, the business can lease space and that space may be owned by one of the business primcipals separately.
You should certainly discuss this matter with an attorney.
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