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February 24, 2009 at 1:38 PM in reply to: Need advice: Doing business with potential partner #353749February 24, 2009 at 1:38 PM in reply to: Need advice: Doing business with potential partner #354060
JustLurking
ParticipantDon’t do it. sdr is right (can’t believe I just typed that!) – that is what credit cards are for.
I am currently involved in starting a new business with my existing business partners. The person who is putting it all together and will run the new company is someone I have known for almost 20 years. This will be our 3rd company with the same partners. The 1st is the company that I currently run and the 2nd we sold last year. I completely trust this person. I guarantee that there will be signed agreements in place and attorneys involved before I am asked for one dime. It is absolutely necessary to protect all parties.
I would not enter into a partnership with your friend without seeing his company’s financials. Don’t sign anything or give him any money until you know exactly what you are getting into.
February 24, 2009 at 1:38 PM in reply to: Need advice: Doing business with potential partner #354192ParticipantDon’t do it. sdr is right (can’t believe I just typed that!) – that is what credit cards are for.
I am currently involved in starting a new business with my existing business partners. The person who is putting it all together and will run the new company is someone I have known for almost 20 years. This will be our 3rd company with the same partners. The 1st is the company that I currently run and the 2nd we sold last year. I completely trust this person. I guarantee that there will be signed agreements in place and attorneys involved before I am asked for one dime. It is absolutely necessary to protect all parties.
I would not enter into a partnership with your friend without seeing his company’s financials. Don’t sign anything or give him any money until you know exactly what you are getting into.
February 24, 2009 at 1:38 PM in reply to: Need advice: Doing business with potential partner #354221ParticipantDon’t do it. sdr is right (can’t believe I just typed that!) – that is what credit cards are for.
I am currently involved in starting a new business with my existing business partners. The person who is putting it all together and will run the new company is someone I have known for almost 20 years. This will be our 3rd company with the same partners. The 1st is the company that I currently run and the 2nd we sold last year. I completely trust this person. I guarantee that there will be signed agreements in place and attorneys involved before I am asked for one dime. It is absolutely necessary to protect all parties.
I would not enter into a partnership with your friend without seeing his company’s financials. Don’t sign anything or give him any money until you know exactly what you are getting into.
February 24, 2009 at 1:38 PM in reply to: Need advice: Doing business with potential partner #354328ParticipantDon’t do it. sdr is right (can’t believe I just typed that!) – that is what credit cards are for.
I am currently involved in starting a new business with my existing business partners. The person who is putting it all together and will run the new company is someone I have known for almost 20 years. This will be our 3rd company with the same partners. The 1st is the company that I currently run and the 2nd we sold last year. I completely trust this person. I guarantee that there will be signed agreements in place and attorneys involved before I am asked for one dime. It is absolutely necessary to protect all parties.
I would not enter into a partnership with your friend without seeing his company’s financials. Don’t sign anything or give him any money until you know exactly what you are getting into.
Participant[quote=Djshakes] I was told that most schools have two sets of books for each student. One for classroom and one for at home. WTF? Serioulsy? [/quote]
I’m not sure who told you that, but it is definitely NOT true. The schools do not provide books for home. What a joke. In fact, most schools don’t have nearly enough books in the classroom and kids share the books. At my son’s school, parents pay for many of the classroom books. I personally bought 10 copies of a book my son’s teacher wanted for the class when I found out how many kids had to share one book. Of course, my son goes to an excellent school with one of the highest rankings in San Diego county – which means they get very little money from the state. All the state money goes to the low performing schools.
The problem with the state school budget is all of the administrative costs. The amount spent on “overhead” is obscene.
Participant[quote=Djshakes] I was told that most schools have two sets of books for each student. One for classroom and one for at home. WTF? Serioulsy? [/quote]
I’m not sure who told you that, but it is definitely NOT true. The schools do not provide books for home. What a joke. In fact, most schools don’t have nearly enough books in the classroom and kids share the books. At my son’s school, parents pay for many of the classroom books. I personally bought 10 copies of a book my son’s teacher wanted for the class when I found out how many kids had to share one book. Of course, my son goes to an excellent school with one of the highest rankings in San Diego county – which means they get very little money from the state. All the state money goes to the low performing schools.
The problem with the state school budget is all of the administrative costs. The amount spent on “overhead” is obscene.
Participant[quote=Djshakes] I was told that most schools have two sets of books for each student. One for classroom and one for at home. WTF? Serioulsy? [/quote]
I’m not sure who told you that, but it is definitely NOT true. The schools do not provide books for home. What a joke. In fact, most schools don’t have nearly enough books in the classroom and kids share the books. At my son’s school, parents pay for many of the classroom books. I personally bought 10 copies of a book my son’s teacher wanted for the class when I found out how many kids had to share one book. Of course, my son goes to an excellent school with one of the highest rankings in San Diego county – which means they get very little money from the state. All the state money goes to the low performing schools.
The problem with the state school budget is all of the administrative costs. The amount spent on “overhead” is obscene.
Participant[quote=Djshakes] I was told that most schools have two sets of books for each student. One for classroom and one for at home. WTF? Serioulsy? [/quote]
I’m not sure who told you that, but it is definitely NOT true. The schools do not provide books for home. What a joke. In fact, most schools don’t have nearly enough books in the classroom and kids share the books. At my son’s school, parents pay for many of the classroom books. I personally bought 10 copies of a book my son’s teacher wanted for the class when I found out how many kids had to share one book. Of course, my son goes to an excellent school with one of the highest rankings in San Diego county – which means they get very little money from the state. All the state money goes to the low performing schools.
The problem with the state school budget is all of the administrative costs. The amount spent on “overhead” is obscene.
Participant[quote=Djshakes] I was told that most schools have two sets of books for each student. One for classroom and one for at home. WTF? Serioulsy? [/quote]
I’m not sure who told you that, but it is definitely NOT true. The schools do not provide books for home. What a joke. In fact, most schools don’t have nearly enough books in the classroom and kids share the books. At my son’s school, parents pay for many of the classroom books. I personally bought 10 copies of a book my son’s teacher wanted for the class when I found out how many kids had to share one book. Of course, my son goes to an excellent school with one of the highest rankings in San Diego county – which means they get very little money from the state. All the state money goes to the low performing schools.
The problem with the state school budget is all of the administrative costs. The amount spent on “overhead” is obscene.
February 19, 2009 at 3:53 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #349953ParticipantIf you are sincerely interested in helping your parents manage their money, I would suggest that you put them in touch with Rich. I have not used his services personally, but I know many on this site recommend him highly. I am sure he would be happy to talk to them and offer some objective options that are truly in their best interest.
February 19, 2009 at 3:53 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #350272ParticipantIf you are sincerely interested in helping your parents manage their money, I would suggest that you put them in touch with Rich. I have not used his services personally, but I know many on this site recommend him highly. I am sure he would be happy to talk to them and offer some objective options that are truly in their best interest.
February 19, 2009 at 3:53 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #350398ParticipantIf you are sincerely interested in helping your parents manage their money, I would suggest that you put them in touch with Rich. I have not used his services personally, but I know many on this site recommend him highly. I am sure he would be happy to talk to them and offer some objective options that are truly in their best interest.
February 19, 2009 at 3:53 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #350433ParticipantIf you are sincerely interested in helping your parents manage their money, I would suggest that you put them in touch with Rich. I have not used his services personally, but I know many on this site recommend him highly. I am sure he would be happy to talk to them and offer some objective options that are truly in their best interest.
February 19, 2009 at 3:53 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #350535ParticipantIf you are sincerely interested in helping your parents manage their money, I would suggest that you put them in touch with Rich. I have not used his services personally, but I know many on this site recommend him highly. I am sure he would be happy to talk to them and offer some objective options that are truly in their best interest.
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