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Coffee Shop
How to not screw myself/family members in a partnership?
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<blockquote data-quote="Nesikep" data-source="post: 1581530" data-attributes="member: 9096"><p>My dad knew a very shrewd businessman.. </p><p>Here's some advice if you ever want to buy your brother out. Ask him to buy you out first to get a value... Then offer that to him to buy him out.</p><p></p><p>Could you set it up that as you add land, you pay for the land which comes off the profit you'd get from the existing land, but profits from the new land are 100% yours? </p><p>Current ratio is 240/240/160, after you add another 1/4 section it would be 400/240/160.</p><p></p><p>If your brother is not there working it with you, and assuming your mother isn't working on the land either, is it just you that's doing all the grunt work there?</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1581530, member: 9096"] My dad knew a very shrewd businessman.. Here's some advice if you ever want to buy your brother out. Ask him to buy you out first to get a value... Then offer that to him to buy him out. Could you set it up that as you add land, you pay for the land which comes off the profit you'd get from the existing land, but profits from the new land are 100% yours? Current ratio is 240/240/160, after you add another 1/4 section it would be 400/240/160. If your brother is not there working it with you, and assuming your mother isn't working on the land either, is it just you that's doing all the grunt work there? [/QUOTE]
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