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Starting a small operation
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<blockquote data-quote="I luv herfrds" data-source="post: 609843" data-attributes="member: 5917"><p>Everyone on here has given you some darn good advice. The only thing I would add is if you are set to do this partnership have a clause in there for the partnership to dissolve. Better to protect both of you now then to have massive problems later.</p><p></p><p>Here is an idea. Now if one of you decides to withdraw have it so the cattle you have both been involved in can be bought out in shares. Example: One of you keeps the cattle, but as they calve and the calves are sold the person that has left gets a 40% share. Any cows of theirs that are sold they get the funds from them. The partner that stays gets to keep any heifer calves for breeding.</p><p>Once all of their cows are sold over the next couple of years the partnership is completely dissolved.</p></blockquote><p></p>
[QUOTE="I luv herfrds, post: 609843, member: 5917"] Everyone on here has given you some darn good advice. The only thing I would add is if you are set to do this partnership have a clause in there for the partnership to dissolve. Better to protect both of you now then to have massive problems later. Here is an idea. Now if one of you decides to withdraw have it so the cattle you have both been involved in can be bought out in shares. Example: One of you keeps the cattle, but as they calve and the calves are sold the person that has left gets a 40% share. Any cows of theirs that are sold they get the funds from them. The partner that stays gets to keep any heifer calves for breeding. Once all of their cows are sold over the next couple of years the partnership is completely dissolved. [/QUOTE]
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