Business Partners..... - GoFuckYourself.com

CuriousToyBoy · 11-28-2005, 05:55 PM

ARRRRRRRRRGGGGGGGGGHHHHHHHHHHHHHHHH.

Headaches.

Thanks god my entire business does not revolve around them and that I have a few sets in different projects with no overlap.

2 words.

Justifiable homicide.

nico-t · 11-28-2005, 05:56 PM

what happened?

the Shemp · 11-28-2005, 05:57 PM

i only work with women partners, that way we always know who the boss is.... ;)

CuriousToyBoy · 11-28-2005, 05:59 PM

Quote:

Originally Posted by nico-t

what happened?

Just a normal day's frustration.

Drake · 11-28-2005, 05:59 PM

You're going to have to buy them out, the bastards

CuriousToyBoy · 11-28-2005, 05:59 PM

Quote:

Originally Posted by the Shemp

i only work with women partners, that way we always know who the boss is.... ;)

A couple mof my female partners have more balls than some of the male ones.

PART of the problem.

bdld · 11-28-2005, 06:09 PM

always work alone, hire employees, control everything.

djroof · 11-28-2005, 06:10 PM

Quote:

Originally Posted by the Shemp

i only work with women partners, that way we always know who the boss is.... ;)

100% agree!!!

synapse · 11-28-2005, 06:16 PM

Quote:

Originally Posted by NaughtyWhores

ARRRRRRRRRGGGGGGGGGHHHHHHHHHHHHHHHH.

Headaches.

Thanks god my entire business does not revolve around them and that I have a few sets in different projects with no overlap.

2 words.

Justifiable homicide.

We'll help take ya mind off it Friday man, lubricate u'r woes with 'da vino

Redrob · 11-28-2005, 06:20 PM

Anytime I've had a partnership we have set it up as a Subchapter S Corp. Then, I've set up a "Chinese Buyout" so that if somebody want out or to end the partnership, the agreement is in place. We make the buyout arrangements part of the bylaws of the corporation.

The way it works is that the terms of the buyout are agreed to in advance, not just the amounts; but, length of option period, percent down, interest rate, length of payout, etc.

Then, the way it works is as follows:

A and B are shareholder in JB, Inc.

B decides he can no longer work with A and wants to go it alone.

So, B tells A, "I will buy you out for $10K."

A now has 10 days to either:

Buy out B for $10K and own 100% of the business, or
Take the $10K and leave the business to B.

Using a Chinese Buyout lessens the chance of somebody lowballing you as you would have the first option to buy them out on the same terms.

Also, if you can't stand to be around them anymore, make an offer and somebody is going to leave. If you don't have the business, you got the cash...

It works.

sonofsam · 11-28-2005, 06:22 PM

Quote:

Originally Posted by the Shemp

i only work with women partners, that way we always know who the boss is.... ;)

hahaha

Drake · 11-28-2005, 06:24 PM

Quote:

Originally Posted by Redrob

Anytime I've had a partnership we have set it up as a Subchapter S Corp. Then, I've set up a "Chinese Buyout" so that if somebody want out or to end the partnership, the agreement is in place. We make the buyout arrangements part of the bylaws of the corporation.

The way it works is that the terms of the buyout are agreed to in advance, not just the amounts; but, length of option period, percent down, interest rate, length of payout, etc.

Then, the way it works is as follows:

A and B are shareholder in JB, Inc.

B decides he can no longer work with A and wants to go it alone.

So, B tells A, "I will buy you out for $10K."

A now has 10 days to either:

Buy out B for $10K and own 100% of the business, or
Take the $10K and leave the business to B.

Using a Chinese Buyout lessens the chance of somebody lowballing you as you would have the first option to buy them out on the same terms.

Also, if you can't stand to be around them anymore, make an offer and somebody is going to leave. If you don't have the business, you got the cash...

It works.

interesting

Redrob · 11-28-2005, 06:27 PM

I should be clear.

The amount of the buyout is not agreed to in advance as nobody knows the future value of the corporation.

CuriousToyBoy · 11-28-2005, 11:11 PM

Quote:

Originally Posted by synapse

We'll help take ya mind off it Friday man, lubricate u'r woes with 'da vino

That will be much appreciated.

11-28-2005, 05:55 PM	#1
CuriousToyBoy Crazy Aussie Bastard Industry Role: Join Date: Aug 2005 Location: Wherever I lay my hat, that's my home. Posts: 16,787	Business Partners..... ARRRRRRRRRGGGGGGGGGHHHHHHHHHHHHHHHH. Headaches. Thanks god my entire business does not revolve around them and that I have a few sets in different projects with no overlap. 2 words. Justifiable homicide. __________________ Celebs Adult Who's Who ==> Ambush Interview ==> ICQ 293 070 684 ==> intmarpacrim AT gmail DOT com

11-28-2005, 05:57 PM	#3
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	i only work with women partners, that way we always know who the boss is.... ;) __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

11-28-2005, 06:20 PM	#10
Redrob Confirmed User Industry Role: Join Date: Oct 2004 Location: In a refrigerator box by the tracks. Posts: 4,791	Anytime I've had a partnership we have set it up as a Subchapter S Corp. Then, I've set up a "Chinese Buyout" so that if somebody want out or to end the partnership, the agreement is in place. We make the buyout arrangements part of the bylaws of the corporation. The way it works is that the terms of the buyout are agreed to in advance, not just the amounts; but, length of option period, percent down, interest rate, length of payout, etc. Then, the way it works is as follows: A and B are shareholder in JB, Inc. B decides he can no longer work with A and wants to go it alone. So, B tells A, "I will buy you out for $10K." A now has 10 days to either: Buy out B for $10K and own 100% of the business, or Take the $10K and leave the business to B. Using a Chinese Buyout lessens the chance of somebody lowballing you as you would have the first option to buy them out on the same terms. Also, if you can't stand to be around them anymore, make an offer and somebody is going to leave. If you don't have the business, you got the cash... It works. Last edited by Redrob; 11-28-2005 at 06:21 PM..

11-28-2005, 05:56 PM	#2
nico-t emperor of my world Join Date: Aug 2004 Location: nethalands Posts: 29,903	what happened?

11-28-2005, 05:59 PM	#5
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	You're going to have to buy them out, the bastards

11-28-2005, 06:09 PM	#7
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	always work alone, hire employees, control everything.

11-28-2005, 06:27 PM	#13
Redrob Confirmed User Industry Role: Join Date: Oct 2004 Location: In a refrigerator box by the tracks. Posts: 4,791	I should be clear. The amount of the buyout is not agreed to in advance as nobody knows the future value of the corporation.