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Updated over 10 years ago,
Are there legal issues?
Someone I know is looking to be a private investor and split the profits with him. What's a reasonable cut that he should get for financially backing the loan and also are there any legal issues with this. Would I need to do something extra in order for him to send me the money.
Also, is there a contract I can find that would obligate me not to run off with his money so there is a little bit more formality and assurance in the deal?
Thanks for anyone who can help!