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Roxy72 · 51-55, F
I think you need some professional advice before signing anything. 70% share of your company for registering it doesn't sound right at all. It's your company, keep it that way.
Sarahblack · 31-35, F
@Roxy72 thanks dear

Khenpal1 · M Best Comment
He screws you for free , take you time and find someone who understands the rules . Seems you need to educate yourself first , its easy to loose your money this way
Sarahblack · 31-35, F
@Khenpal1 you are right
firefall · 61-69, M
that means he owns 70% of the company, gets to dictate how to run it, and claims 70% of the income. IDK what the registration fee is, but this sounds like a tremendous ripoff. Can you get a bank loan to cover this, or borrow smaller amounts from several friends?
firefall · 61-69, M
@Sarahblack May I ask how much is needed to register the company?
Sarahblack · 31-35, F
It's 600k shilling
firefall · 61-69, M
@Sarahblack ouch, that's quite a lot of money.
Don't do it if you agree to give him 70% share of the company then he becomes majority owner as he would have 70% to your 30% he would essentially be taking over your company
Sarahblack · 31-35, F
@ExperienceDLT am not gonna sign it than
@Sarahblack it may take you longer to get it up and running but just save the money and do it on your own that way once you do get started all of the profits will come to you
Sarahblack · 31-35, F
Thanks for this advice
VSonMe · 56-60, M
Sarah, he's screwing you. Don't do it
Sarahblack · 31-35, F
@VSonMe am not going to sign. It's like he what's to take the agency away from me.he can't take the agency I have invested in money because of his 160 dollors of registration
VSonMe · 56-60, M
that's exactly what he's doing. He's not a friend.
Sarahblack · 31-35, F
@VSonMe thanks for the advice
Shayla · F
It means he would own and have control of the company.
Sarahblack · 31-35, F
@Shayla seriously when it's me who started it.
Shayla · F
@Sarahblack If you own 70% of something, it is mostly yours. You would be selling that 70% for whatever costs you are asking him to cover.
unknownpoetx · 36-40, M
how can you do that if you are ugly?
Sarahblack · 31-35, F
@unknownpoetx what do you mean
unknownpoetx · 36-40, M
@Sarahblack exactly that. you lack english skills too?
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Sarahblack · 31-35, F
@Pianist1234 j thanks
hlpflwthat · M
Register with who exactly?
Sarahblack · 31-35, F
@hlpflwthat his a family friend
Waxfoot · 56-60, M
no dont do it

 
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