<prompt> Human: Basically i worked for a gold exchange in my area. The owners sold the company and the store I worked at closed, but one of my co-workers is now going to open a new store in the same shopping mall. He also offered to let me invest 3-4k in his business hes investing 9k and wed split the profits 5050. I can also pull my money out whenever I want as long as I give a 30 day notice. Hed be doing majority of the work but id work for like 12 hours a week and id be on pay roll or paid under the table. He suggested we work out the deal ourselves and get it notarized without getting a lawyer so we can save money. I dont think he has any malicious intent but Id like to protect myself as much as possible. How exactly should we write up this bond so that way theres no chance of me getting screwed over?Thanks in advance for any advice.Assistant: He also offered to let me invest 3-4k in his business hes investing 9k and wed split the profits 5050.Red flag 1.Hed be doing majority of the work but id work for like 12 hours a week and id be on pay roll or paid under the table.Red flag 2.He suggested we work out the deal ourselvesRed flag 3.How exactly should we write up this bond so that way theres no chance of me getting screwed over?Turn around and walk away at a brisk pace. Human: So basically walk away because it sounds like a good deal? I obviously wouldnt sign anything without being 100 sure I cant be screwed, so shouldnt I attempt to draft some sort of agreement before I walk away?Assistant: No, walk away because it sounds like a bad deal. A gold exchange or any kind of business started with 13k is incredibly underfunded, especially if youre signing a lease for your space. If your lease is for a year, and your rent is 1k it will absolutely be higher, you will have 1000 for everything else for the entire year. Salaries, inventory, signage, advertising, electricity, water, waste disposal... Red flag 4 Your co-worker is suggesting to open a gold exchange adjacent to a recently-failed gold exchange that was run by experience business persons. Red flag 5 Your co-worker is investing more than twice what hes asking of you, working much more than you, and splitting the proceeds evenly? He even suggests paying you without reporting... Red flag 6, 7 and 8There is a 100 chance that you will never see a dime of your money. Best case, the business fails very quickly because your co-worker has no business plan. Worst case, hes grifting you and youll never see him again when your check clears. Human: If I drafted a promissory note stating that on demand he had to repay the principal of the loan would this not protect me from losing my money? Worst case scenario i take him to court and get back most of my money back minus court costs?  <response>: No, worst case scenario is that you never see him again, and you spend additional money trying to find him. 