Posted by Kevin on February 12, 2002 at 09:32:49:
Thanks very much for your response. As a practical matter, how would we conduct business as “partners”? Would we enter into some type of joint venture agreement for each deal or is there a way to strike some kind of exclusive relationship with profit sharing, etc.? If the contracting corporation was a wholly owned subsidiary of the investing corporation, how would that effect liability, if at all? I guess the question is would a parent company be liable for the acts of its sub? I think all I’m really asking is how would you structure the relationship between the segregated entities, given the fact that we want to do business together?
I really appreciate your insights. Thanks again.