We are starting a business and we have agreed to use ROBS for funding the purchase. If the business costs $10,000 – I have a Robs with $3000, Tim has a Robs with $1500 and Sara comes with $200, does that mean that I own the company or just the most available shares?
I’m happy to help. The funding of your startup can come from more than one source. However, if 100% of the financing comes from the ROBS, and it is funded the way you describe in your question, you would not be 100% owner but a part owner along with the other investors. You would own the majority of shares. You may get greater detail and direction from a ROBS provider. Good luck!
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.