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foreigner in business with Filipino partner

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

Arresto Menor
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

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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.

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