Investment partnership in an incorporated Biz.
I'm being asked to invest money in an incorporated startup business (about a year old) because the owner doesn't have enough money to keep up with expenses.
I work in the same type of business and can bring in new customers as well.
I had a previous non-incorporated "partnership" whom I simply had verbal agreements with and that did not work out well since he suffered from selective amnesia.
Before I hand over any money, what steps should I take to become a legal partner in his incorporated business?
I'm not interested in loaning him money, it must be an investment towards a 50/50 partnership in his business.
Any advice and links appreciated.