BTW, do we need solicitors? I have not written business plan and do not know how should I prepare contracts. Can anyone give some hints on these requirements?

I know what you all guys mean. But how about do whatever as smartmind101 suggested? To open a join account and ask bank to require double signature for withdrawal of money? Does that make sense?

Thanks to your wise comments smartmind101

We need to go with double signature for withdrawal.

Thanks to monolyte, sabuj263 and snapbikash. The point is I met him on this forum and we are gonna meet up in person to discuss more. If I had access to 50k, then I would have applied individually but now I have to make up my mind. Either trust him and go ahead or miss this opportunity. smartmind101...

Thanks for your reply.

Both of us have studied relevant areas and that would increase our chance of winning. Besides, I do not have access to 50K atm! That's why I want to do it as a team.

Dear friends, I came across someone asking to join him to from an entrepreneurial team. He said we can have 25k each in our personal account but UKBA says "If you have formed an Entrepreneurial Team with another applicant, the documents must confirm that the funds are available to both team mem...