I have been looking around these forums recently as I plan to open a business one day.
I plan to open a new business with a couple others who have already submitted their articles to become a S-corp. We are all investing an equal amount of money into the business, but I will be getting my money from a home equity loan with the help of my parents, while they are investing money directly from their bank accounts. They have asked me to get a letter signed by my father, stating that when the time comes, that we will have the money on a certain date and then be added as an owner. I was wondering if such an agreement exists, and if so what is it called/consist of. Thank you very much in advance
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