Thread: merger
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Old 07-17-2013, 09:57 PM
sehitchman sehitchman is online now
LawnSite Senior Member
 
Join Date: Apr 2009
Location: West, GA
Posts: 548
So if you own the business 50 50, who has the final say so in business decisions? Is the father going to allow you to pay him with profits from the business when he leaves? What if the son turns to drugs and alcohol and cannot get out of bed to complete the mowing route, can you afford to go it alone to finance and run the company.

Get your attorney involved, get contracts signed, make sure you are a signer on all checks and cash withdrawals. Don't be like me and just trust someone. I spent over six years building a business, found the guy committing tax fraud, and keeping $ off the books. I spent a bunch on accountant and attorney fees just to stay out of trouble. I'm a risk taker and would probably do it all over again... but it is your life, be careful.
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Last edited by sehitchman; 07-17-2013 at 10:03 PM.
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