KANACKI
Bronze Member
- Mar 1, 2015
- 1,445
- 5,931
- Primary Interest:
- All Treasure Hunting
Hola Tuscoro
The trio has various vested interests in projects all over the globe From micro to macro all at various levels of development, How much net worth as Don Amigo said is as you could imagine is my friend is bound by non disclosure contractual arrangements and deemed in court of international business law as confidential corporate information. Even as I type loitering at treasurenet enjoying reading the interesting posts here, a project I have a vested interest in is in the later stages of development in negotiations, we have an excellent legal team of excellent international business lawyers working on our behalf.
If I was in your situation I would be creating a company to develop your project. To get a legal framework in place between you and your existing partners. Decide who will be the CEO of company and what roles you have in that company as well as percentage of ownership of the company in place. Decide how much bare minimum capital you need to realistically succeed with your project then double it to counter act inflation in operating costs and unforeseen contingencies that may develop. And draft a legal non disclose agreement before revealing too much information to any would be investor partners. In any presentation to investors your have build a very watertight story for astute investors to part with their money as its like getting blood from a stone. Many will not risk this type of venture as there has been too many riip off operators making too many absurd claims in the past and still happening. So professionalism with astute attention to detail and clear and accurate presentation of who you are and what your about and the viability of your business proposal is must.
Decide how much of percentage your company will be sold off to investors for working capital. With all potentially high risk ventures you will need to indemnify against any legal action if the project is a failure in any prospectus, therefore you have to fully disclose possible risks of such a venture in any contractual agreement and prospectus. In contractual arrangement you have to be clear in what say they have in day to day operation of the company. The main control of your company should be among your primary partners and yourself. However the CEO has to be able to give accurate accounts of how the capital IE money is spent confirmed by an independent financial auditor. Being part owner of such a company and you legally fail to disclose those risks to potential partners or investors you may be liable. Like all small companies starting out most often lack capital so many start up companies offer a percentage of the company to right people especially legal representatives. This can be time consuming and frustrating! However it gives you better legal protection than just acting as a individual. Especially when negotiating with any government or regulatory body.
This as I may add to indemnify oneself one small part of what is needed to be done to develop a project up to a workable business proposition as there are many other issues that need to be addressed.
However this may help you in right direction and once again I wish you the best with you developing your project.
Kanacki
The trio has various vested interests in projects all over the globe From micro to macro all at various levels of development, How much net worth as Don Amigo said is as you could imagine is my friend is bound by non disclosure contractual arrangements and deemed in court of international business law as confidential corporate information. Even as I type loitering at treasurenet enjoying reading the interesting posts here, a project I have a vested interest in is in the later stages of development in negotiations, we have an excellent legal team of excellent international business lawyers working on our behalf.
If I was in your situation I would be creating a company to develop your project. To get a legal framework in place between you and your existing partners. Decide who will be the CEO of company and what roles you have in that company as well as percentage of ownership of the company in place. Decide how much bare minimum capital you need to realistically succeed with your project then double it to counter act inflation in operating costs and unforeseen contingencies that may develop. And draft a legal non disclose agreement before revealing too much information to any would be investor partners. In any presentation to investors your have build a very watertight story for astute investors to part with their money as its like getting blood from a stone. Many will not risk this type of venture as there has been too many riip off operators making too many absurd claims in the past and still happening. So professionalism with astute attention to detail and clear and accurate presentation of who you are and what your about and the viability of your business proposal is must.
Decide how much of percentage your company will be sold off to investors for working capital. With all potentially high risk ventures you will need to indemnify against any legal action if the project is a failure in any prospectus, therefore you have to fully disclose possible risks of such a venture in any contractual agreement and prospectus. In contractual arrangement you have to be clear in what say they have in day to day operation of the company. The main control of your company should be among your primary partners and yourself. However the CEO has to be able to give accurate accounts of how the capital IE money is spent confirmed by an independent financial auditor. Being part owner of such a company and you legally fail to disclose those risks to potential partners or investors you may be liable. Like all small companies starting out most often lack capital so many start up companies offer a percentage of the company to right people especially legal representatives. This can be time consuming and frustrating! However it gives you better legal protection than just acting as a individual. Especially when negotiating with any government or regulatory body.
This as I may add to indemnify oneself one small part of what is needed to be done to develop a project up to a workable business proposition as there are many other issues that need to be addressed.
However this may help you in right direction and once again I wish you the best with you developing your project.
Kanacki
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Hmm m let's see 14 to $1 exchange rate that makes -------. Yes I would go for that. 
