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Air conditioning business???
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<blockquote data-quote="cypressfarms" data-source="post: 680777" data-attributes="member: 2653"><p>Backhoe, your dead on right. He doesn't have any "management" common sense. His partner was apparently using company money to pay his personal bills (vehicle notes, Florida vacations, etc) and he didn't realize it. He came over a couple of days ago to talk to me and the wife. He seemed surprised when I brought up an attorney, forming an LLC, wanting to look at the past several month's invoices, his customer base list, etc. Although I never had asked him too many personal questions about his financial life (because it wasn't my business before), it appears that he's living paycheck to paycheck and doesn't really have a grasp on "inputs and outputs". He is a good friend, though, so I feel obligated to at least give his offer some considerable thought. :? Looks like a no win so far...</p></blockquote><p></p>
[QUOTE="cypressfarms, post: 680777, member: 2653"] Backhoe, your dead on right. He doesn't have any "management" common sense. His partner was apparently using company money to pay his personal bills (vehicle notes, Florida vacations, etc) and he didn't realize it. He came over a couple of days ago to talk to me and the wife. He seemed surprised when I brought up an attorney, forming an LLC, wanting to look at the past several month's invoices, his customer base list, etc. Although I never had asked him too many personal questions about his financial life (because it wasn't my business before), it appears that he's living paycheck to paycheck and doesn't really have a grasp on "inputs and outputs". He is a good friend, though, so I feel obligated to at least give his offer some considerable thought. :? Looks like a no win so far... [/QUOTE]
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