Method of raising capital via a business entity with a contract to generate revenue for the entity
OwnerJane Kooinventor
Life of this patent
Estimating the term…
Abstract
A method of raising capital including the steps of: providing a business entity; providing an entity officer responsible for the operation and day-to-day decision-making of the entity; selling all or part of the original owner's interest in a business (e.g. a restaurant) or property (e.g. a residential house) to the entity, providing a contract based on the business or property (e.g. a restaurant operating contract or a residential lease) to generate revenue for the entity; raising equity and/or debt capital issued by the entity from investors to fund the entity's purchase of the original owner's interest; and providing an investor-voting system so a voting majority of investors can potentially replace the entity officer.
Claims17
A method of raising capital, the method comprising:
- providing a business entity;
- providing an entity officer responsible for the operation and day-to-day decision-making of the entity;
- selling the original owner (OO)'s interest in a business or property to the entity;
- providing a contract based on the business or property to generate revenue for the entity;
- raising capital issued by the entity to fund the entity's purchase of the original owner's interest, and providing an investor-voting system so a voting majority of investors can replace the entity officer.
Dependencies are inferred from the claim text.