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Question about owning a business...
Posted on 12/26/14 at 6:47 pm
Posted on 12/26/14 at 6:47 pm
Couldn't find anything googling so maybe someone here knows... if there is a business & the current owner has it set up for when they become deceased or retire or whatever you will automatically become the owner... Is there a specific name for the person that will become owner during the present time? Future-owner doesn't really sound right, even tho that would be basically what it is... Maybe something like primary owner & something else owner? I dunno... Thanks for any help.
11
Posted on 12/26/14 at 6:48 pm to DakForHe15man
cashier bitch
Posted on 12/26/14 at 6:48 pm to DakForHe15man
Boss-to-be
Posted on 12/26/14 at 6:51 pm to DakForHe15man
Vice owner.
Posted on 12/26/14 at 6:52 pm to DakForHe15man
"Lucky" seems to fit
Posted on 12/26/14 at 6:53 pm to DakForHe15man
C.O.O.
Posted on 12/26/14 at 6:57 pm to DakForHe15man
Hot dog carts aren't that hard to run baw. Quit worrying so much about it
Posted on 12/26/14 at 7:00 pm to DakForHe15man
owner in waiting??
Spoiler alert: you're going to inherit all of his debt and irs problems.
Form your on LLC or INC or whatever suits you the best for the business to transfer to.
Spoiler alert: you're going to inherit all of his debt and irs problems.
Form your on LLC or INC or whatever suits you the best for the business to transfer to.
Posted on 12/26/14 at 8:45 pm to DakForHe15man
Successor or just co- Member
Posted on 12/27/14 at 10:17 am to DakForHe15man
Nobody just leaves a business........you would buy the owner out or have an agreement to do so upon death or once you know what you are doing. I highly recommend a high quality lawyer who specializes in acquisitions to create an agreement that favors you and to make sure there are no suprises like a lien on the business.
Posted on 12/27/14 at 10:33 am to DakForHe15man
sounds like youll do fine when you take over. good to call peoe that will help you now- make friends for when you need them. Great place to start
Posted on 12/27/14 at 10:35 am to DakForHe15man
quote:
Is there a specific name for the person that will become owner
future bill payer
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