Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Need advice/help
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="cattlepower" data-source="post: 1103005" data-attributes="member: 7895"><p>I know it doesn't make sense to most of you and you might be right. </p><p></p><p>-It has a good hay barn</p><p>-It has another more traditional barn where we will put working facilities with electricity</p><p>-It has yr. round good access road</p><p>-It's a 1/2 mile from where I live</p><p>-yr. round natural creek, no flooding</p><p>-I lived right near it for 7 years and see it all the time</p><p></p><p>OK, he's doing this mainly to help me out (close family friend) and somehow for a tax advantage for himself. I don't completely understand the tax part of it but I know he does as he is quite wealthy and he didn't get that way from being dumb. Besides my time there is no money investment from me. We haven't signed a contract yet and he has already set it up as a LLC. His initial large investment on the front end is not going to be recouped and he knows that and isn't expecting to get that back. He wants to get it operating and let me run it and receive a % of the gross sales annually. It will obvioulsy be a PT income for me with also making sure he's breaking even or making a small profit.</p></blockquote><p></p>
[QUOTE="cattlepower, post: 1103005, member: 7895"] I know it doesn't make sense to most of you and you might be right. -It has a good hay barn -It has another more traditional barn where we will put working facilities with electricity -It has yr. round good access road -It's a 1/2 mile from where I live -yr. round natural creek, no flooding -I lived right near it for 7 years and see it all the time OK, he's doing this mainly to help me out (close family friend) and somehow for a tax advantage for himself. I don't completely understand the tax part of it but I know he does as he is quite wealthy and he didn't get that way from being dumb. Besides my time there is no money investment from me. We haven't signed a contract yet and he has already set it up as a LLC. His initial large investment on the front end is not going to be recouped and he knows that and isn't expecting to get that back. He wants to get it operating and let me run it and receive a % of the gross sales annually. It will obvioulsy be a PT income for me with also making sure he's breaking even or making a small profit. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Need advice/help
Top