Saturday, February 03, 2024 7:56:01 AM
You make a good point. AgriGlow maybe didn't exist before December. I personally don't know. But does that make the business venture between the Indian business and IFUS a non-starter? I always ask myself if there could be other reasons than your two stated options above.
I have a very close friend who formed a business LLC to protect their personal assets in case of a malpractice suit. But my friend does not have a website advertising this fact. I simply cannot find his website anywhere on the web. Apparently thousands of these LLC's exist across the U.S. without websites. Several posters on here seem to imply that for an Indian business to "exist" it must, by definition, have a website. So that begs the question as to whether a business can only exist if it has a website. Or, could it be that after seeing how a JV with IFUS could greatly improve their financial bottom line in the cattle-feeding business, these soon-to-be Indian partners decided to form a legal business entity in India to protect their personal assets? I can visualize that happening.
In fact, I see this as a very positive sign of how serious the Indian business is about going forward with the joint venture with IFUS. Otherwise, one has to ask why they would go to the expense and trouble of registering a new business (AgriGlow, website not included) in India if they didn't plan on completing a joint venture with IFUS at some time in the future.
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