View Full Version : Taking Over Family Business?
02-19-2006, 04:26 AM
My uncle started our company 4 years ago as a relly small side job. I am marketing and expanding our company this season. He is still fronting the equipment and insurance costs, but wants out. What's the best business split here? Any input is welcomed.;)
Trinity Lawn Care, LLC
02-19-2006, 05:22 AM
That is a tough one. Basically, your uncle is covering the business expenses and you are putting in sweat equity? Your uncle has obviously put a lot into the company over the past four years. How soon does he want out? There are many ways to arrange a buyout plan. Are there reasons behind him covering the equipment and insurances etc.?
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