Thursday, May 29, 2008

Partner vs Employee

If your name is not on every document from the beginning...you are not a partner in business.
You are an employee or a volunteer--and if you make partner contributions either with finances, ideas or materials---STOP! NOW!

It is like this:
If you have a lease on an apartment or a mortgage on a house--its is yours. No one whose name is not on that lease can get your landlord to give them the key. A person must have their name on the lease in order for the landlord to talk to them...right?

likewise, in business the State Filling Office is the landlord(so-to-speak)if you are a partner, your name must be on every document or they will not talk to you. Those documents are like the lease or ownership of your company. It is your key.

If you have no key...you can be put out.

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