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re: New Business Startup Question

Posted on 3/21/19 at 10:36 am to LSUJay13
Posted by cajuncarguy
On the road...Again!
Member since Jun 2013
3135 posts
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Posted on 3/21/19 at 10:36 am to LSUJay13
Do you have a buyout? Similar to limited partnership. Buy him out with profits. But get a CPA involved because of tax issues.
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Posted by LSUJay13
South Louisiana
Member since May 2008
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Posted on 3/21/19 at 11:52 am to cajuncarguy
Buy out would be 1/2 of ebitda after 5 years. Sharing 1/2 profits and I will draw a salary that will go towards costs.
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