SOWPub Small Business Forums  

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here


Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old May 7, 2013, 12:05 PM
MMacGillivray's Avatar
MMacGillivray MMacGillivray is offline
Eternal Optimist
Join Date: Sep 2006
Location: Helensburgh, Argyll
Posts: 235
Default Re: Can I legally start a business on land if I only own 50% undivided interest?

Originally Posted by varislost View Post
This is a legal question. I own 50% undivided interest in a house and surrounding land in California. I want to start a business, bringing people to hike, do photography, etc. They would pay a "day fee" of $50/person. I would do a little advertising to get clients. Can I legally do this without involving the other undivided owner? Do I legally have to do some sort of profit sharing or paperwork with the other owner?

You need to go back to the terms and conditions which existed when you fell heir to or bought a 50% share in this land. There must be an agreement which specifies what happens to the income. How would you feel if your co-owner did the same to you?? If there isn't an agreement in place about income, I would suggest doing it now so that you both know what limitations there are on your ability to earn income from the property and what, if anything, has to be shared.

Good luck
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person

All times are GMT -4. The time now is 07:06 PM.

Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.