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Non-Cattle Specific Topics
Coffee Shop
What would you do?
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<blockquote data-quote="Nesikep" data-source="post: 1201334" data-attributes="member: 9096"><p>the IRS would be my biggest concern, and I've had my arse bitten a couple times by people wanting to buy animals already, so here's the deal I'd make.</p><p></p><p>Figure out a price for what the animals will be worth in April, you must get at least half of this money NOW, if the animals are not removed from your property by Apr 2nd, full ownership reverts to you. I have found that charging for feed isn't a good enough incentive for people to pick something up, they'll keep owing you more and more, yet the animal is still theirs.. If you take a good chunk of money now, and they lose everything by not taking delivery, that's a better incentive, and though I'm not a lawyer, I think it would be legally easier to define... no ifs, ands, or buts.. the animals are yours on Apr 2nd if not removed. And yes, the risk of the animal going tits up is theirs.</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1201334, member: 9096"] the IRS would be my biggest concern, and I've had my arse bitten a couple times by people wanting to buy animals already, so here's the deal I'd make. Figure out a price for what the animals will be worth in April, you must get at least half of this money NOW, if the animals are not removed from your property by Apr 2nd, full ownership reverts to you. I have found that charging for feed isn't a good enough incentive for people to pick something up, they'll keep owing you more and more, yet the animal is still theirs.. If you take a good chunk of money now, and they lose everything by not taking delivery, that's a better incentive, and though I'm not a lawyer, I think it would be legally easier to define... no ifs, ands, or buts.. the animals are yours on Apr 2nd if not removed. And yes, the risk of the animal going tits up is theirs. [/QUOTE]
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