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  1. #1
    MadeInDetroit is offline Junior Member
    Join Date
    Oct 2007
    Posts
    7

    Question about my vending business...

    I have a couple locations and I am going to invest in another 3 locations with possible extra machines on the side that go with it. The thing is, I have not registered it as an actual business and I'm not familiar on how to do that. I was talking with my friends uncle who owns a convienient store and he said if the location that my machines are in went out of business, I would have no right to say that I had ownership of the machines if it wasn't in a written document made by my bookeeper called an 'assume'. He wasn't born in this country so his english may have been a little off, so I was wondering if anybody can help me protect my investment.

    How do I provide proof that I have ownership of these machines and the locations they are at so they can be protected if the business were to close down or any of their employees damaged the machines?
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  2. #2
    BusinessAdviser's Avatar
    BusinessAdviser is offline
    YE Expert
    Join Date
    Nov 2007
    Location
    Springfield, Missouri
    Posts
    5,287
    Hmmm. I don't know about you having no right to your machines. However, I would think you were crazy if you didn't have written evidence of your property being located in another's business establishment already.

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