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Old 04-15-2000, 07:57 AM
GrassMaster GrassMaster is offline
Senior Member
Join Date: Dec 1999
Location: Columbus, JawJa of the great U.S.A.
Posts: 447
Hello Everybody:<p>Partnerships: It's none of my business, but they very seldom work out & always a headache.<p>But, there is an exception to the rules, I would never do it, because I don't approve of this.<p>I have a friend that has formed quite a few partnerships & has always came out a winner everytime, Like I Said I do not approve.<p>Him & his wife will pick out a business they want to get into & they will have no experience in it.<p>What they do is, they put up all the money & find someone that knows a great deal about it, then they will each have 1/3 shares in the business. Get the picture him & his wife always own 2/3 of the business.<p>They have all kinds of papers drawn up, then later on down the road, when they've learned enough, they buy out the other 1/3, milk it for every dime they can, then they sell it. In most cases a lot down & owner finance the rest.<p>They have gotten back several & make a killing. Like I say, I do not approve of this at all. They have done this quite a few times over the past 20 years. At one time they had 3 business's at one time.<p>They are millionairs, but I'm fine just the way I am!<p>----------<br>GrassMaster - Home:<br>My Start Up Page
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