How do become co-owner of a business? -

It depends on the structure of the business. If its a corporation, then the only way to become co-owner is to buy shares of the business from the owner, or if its a new corporation, then you and the other co-owner can both by shares from the corporation.if the business is not a corporation and it has one owner, then it s called sole proprietorship. If it has more than owner, it s called a partnership. If you want to become a co-owner or partner with someone else, you can do this by signing a contract called a partnership agreement. There is also something called an LLC (limited liaility company) which is sort of a cross between a corporation and a partnership.First things first though, you have to know WHY you want to be a co-owner. is it because you want to share the profits? Will you share the expenses? what about the sharing liability if you get sued? Also the taxes that have to be paid can vary greatly depending on which structure you choose.

You either start it with someone or you buy into it.