T
taipan
Guest
WE HAVE 5 EQUAL PARTNERS IN OUR BUSINESS. WE EACH PUT IN $6,000. WE ISSUED 200,000 SHARES. WE RAISED $200,000 FROM OUTSIDE INVESTORS AT $.10/SHARE. OUR BUSINESS HAS ONLY $10,000 LEFT AND WE OWE $100,000 TO CREDITORS. MORE MONEY IS NEEDED IMMEDIATELY (AT LEASE $60,000 TO PAY BILLS. EACH PARTNER WAS ASKED TO PUT IN $12,000 EACH BUT ONE PARTNER DOES NOT HAVE THE MONEY. WE WANT TO STAY EQUAL SO HOW CAN THAT WORK OUT. CAN THERE BE A SPECIAL LOAN ACCOUNT? PLEASE HELP ASAP.
THANK YOU
THANK YOU