I'm planning to be a passive investor in restaurant business with my friend (GC card holder). He told me that all the financial details will be shared and distribute the profit accordingly.
Being a passive investor, Shall I ask him to incorporate the above point (sharing financial details) in the agreement? is this legally OK?
I feel, it's better to be the in the agreement just in case tomorrow if he denies to share it.
Being a passive investor, Shall I ask him to incorporate the above point (sharing financial details) in the agreement? is this legally OK?
I feel, it's better to be the in the agreement just in case tomorrow if he denies to share it.