ChiefsPlanet

ChiefsPlanet (https://www.chiefsplanet.com/BB/index.php)
-   Nzoner's Game Room (https://www.chiefsplanet.com/BB/forumdisplay.php?f=1)
-   -   Money Buying out a Business Partner? (https://www.chiefsplanet.com/BB/showthread.php?t=267106)

Groves 11-26-2012 11:54 PM

Quote:

Originally Posted by Phobia (Post 9155731)
A business is worth roughly twice its annual profit. If the profit is $30k, by all means give them $15k. Otherwise, they made a bad investment and they should learn from it. They're the ones moving. If they want to stay and work the business into profitability then they should do that. Otherwise they should spend $300 on a community college business course.

or a Math course, apparently.

MOhillbilly 11-26-2012 11:59 PM

Read the book Sammy the Bull put out. It's full of hostile takeover tactics.

Phobia 11-27-2012 12:12 AM

Quote:

Originally Posted by Groves (Post 9155744)
or a Math course, apparently.

They have to account for the money the lady is skimming.

Simply Red 11-27-2012 12:16 AM

i think you should ask PostalChief.

Phobia 11-27-2012 12:20 AM

Heh. I realize my math was hasty (and backwards) but the point was that the business is not profitable. Zero x 2 is still zero.

HayWire 11-27-2012 12:26 AM

Seperate yourself, have an independant consultant look over the financials, separte yourself, get advice from a proffesional in the field, seperate yourself, go over results from the financials/professional.

It's business, shit happens.......get professional advice and make a decision from there.

BossChief 11-27-2012 12:32 AM

Make 3 investments

A match
3 gallons of gas
An insurance policy

Simply Red 11-27-2012 12:39 AM

I'd definitely consider murder here. Do you have a chainsaw NewChief?

Buehler445 11-27-2012 12:39 AM

If it were me I'd offer what you think you can make work. If that's $14, offer $14. If they don't want it, liquidate. You can always start your own business. That's basically what you're doing anyway. Unless it is a legal entity and the name is filed with the state, you can even use the name.

Operate it like a business, don't get married to it.

DaneMcCloud 11-27-2012 12:42 AM

Quote:

Originally Posted by Buehler445 (Post 9155823)
If it were me I'd offer what you think you can make work. If that's $14, offer $14. If they don't want it, liquidate. You can always start your own business. That's basically what you're doing anyway. Unless it is a legal entity and the name is filed with the state, you can even use the name.

Operate it like a business, don't get married to it.

In California, you can't you start a business without a DBA or LLC. I have city permit filed as well.

Is that not necessary in other states?

Buehler445 11-27-2012 01:04 AM

Quote:

Originally Posted by DaneMcCloud (Post 9155833)
In California, you can't you start a business without a DBA or LLC. I have city permit filed as well.

Is that not necessary in other states?

Not necessarily. My person farm doesn't. Lots of schedule C type enterprises don't. Only if it is a separate entity.

munkey 11-27-2012 06:19 AM

Quote:

Originally Posted by Buehler445 (Post 9155873)
Not necessarily. My person farm doesn't. Lots of schedule C type enterprises don't. Only if it is a separate entity.

What's a "person farm"? Is that like pizza on a plant? ;)

Jenson71 11-27-2012 07:17 AM

Quote:

Originally Posted by Saul Good (Post 9155632)
Yep. There's a word for what she is doing. It's called "quitting".

Quitting Advantage Plan. All the benefits of quitting, plus no monetary loss. Partner seems to want a pretty nice bailout.

notorious 11-27-2012 07:33 AM

Wait until after the tax year ends (one month away).

Liquidate, and buy back the items that you want at a reduced rate.

You are in the position of power. There is no such thing as "nice" in business, and chances are the relationship is already ruined anyway.

Mr. Flopnuts 11-27-2012 07:40 AM

Quote:

Originally Posted by notorious (Post 9156046)
Wait until after the tax year ends (one month away).

Liquidate, and buy back the items that you want at a reduced rate.

You are in the position of power. There is no such thing as "nice" in business, and chances are the relationship is already ruined anyway.

This is about all I've got in addition to what others have said. So, this!


All times are GMT -6. The time now is 11:00 AM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.