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Updated over 1 year ago on . Most recent reply

Rod Saleh's profile image
Rod Saleh's profile image
Rod Saleh
  • Member since Jan 6, 2020
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Rod Saleh's profile image
Rod Saleh's profile image
Rod Saleh
  • Member since Jan 6, 2020
Connect
Rod Saleh
1
Votes |
8
Posts
Legal & Legislation

Buying shares from an LLC, is this fishy?

Rod Saleh
Posted

I'm looking to buy shares of an LLC. The LLC is owned by a trust and a couple of investors. The trust is looking to sell 1 share to me. The owner of the trust says he'll personally guarantee my money back within 6 months if no cash flow from biz. He wants to give guarantee with a notarized memo. But he says he can't put that guarantee in the purchase agreement because the other investors wouldn't agree to it. Can he guarantee my money with the memo? does this sound fishy?

Tempe, Arizona
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