You better know more than the 4 questions that the previous genteleman suggested. If you are investing other people's money, you better know them well, know their investment goals, and know what they expect of you. You need to know what role they will play [passive or active]. You better have very strong documentation [agreements] that dictates exactly how the relationship will proceed and end. You need to hire a very good attorney to formulate the partnership agreement. You should hire an accountant to determine tax complecations and issues.
Essentially, you need to button everything up BEFORE you start throwing deals in their face because without a true understanding of your relationship with those investors, you are wasting your time.
Mar 24, 2009