Q: Hi, I'm wondering if it's a safe to invest $20,000 in a business of a couple of people who own a business from a franchise when I'm in a different state or country. Businesses like the known named companies out there? Resturants "Mcdonalds, Burger King, Pizza Hut...etc" Donation Centers "Goodwill" Government Funded Businesses "Library, School, Community Service groups" Small General Businesses "Cleaning Business, Home Made Business"
A: LAWS IN DIFFERENT COUNTRIES AND ALSO, SOMETIMES, IN DIFFERENT STATES WITHIN THE SAME COUNTRY DIFFER. PERSONALLY, I WOULD PREFER TO DEPOSIT THE MONEY AVAILABLE IN A ROLL-OVER DEPOSIT IN A BANK. THERE HAVE BEEN SUCCESS STORIES WHERE THE PEOPLE CONCERNED WORK TOGETHER IN THE ONE COUNTRY, THOUGH OF DIFFERENT NATIONALITIES, UNTIL THE BUSINESS IS BUILT UP ACCORDING TO THE CONTRACT OF THE COUNTRY IN WHICH BUSINESS'S IS SITUATED--AND THEN SOLD TO LOCAL PEOPLE. TALKING TO LEGAL AND PEOPLE WITH EXPERIENCE IN THE MATTER WOULD BE THE FIRST THING I WOULD DO. ONE PROBLEM IS THAT ALLOWING ONE OF THE PARTNERS TO CONTROL THE MONEY ALLOWS FOR THE MONEY TO DISAPPEAR FROM YOUR CONTROL; THAT I KNOW TO BE A POSSIBILITY.