- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
| Favorite team: | |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 4 |
| Registered on: | 3/1/2018 |
| Online Status: | Not Online |
Recent Posts
Message
quote:
If you can serve AND die for your county at 18, all laws should consider you an adult and treat you as such. (alcohol and firearms especially)
This x1000. The politicians in the country are so fricked. They let the liberal media drive all their decisions. If they really want to stop kids getting senselessly killed they need to find a way to put a stop to texting and driving.
0
quote:
You are talking the business's gross revenue is $500k or net revenue?
Gross. That's the only information regarding the books that I have at the moment. We have a meeting next week to talk numbers. I'm just wanting to have a game plan before we go sit down on an idea of the best route to do this right.
The end game is me owning this business 100% when it's all said and done. There are no other interested parties that would want it so that's not an issue. The owner and I have talked for years about me taking the business over one day so this is something that was always planned. I just don't know how much I could afford to buy in at the moment.
quote:
Is one of your family members offering you an equity stake? How much?
Yes, we haven't sat down yet to talk numbers. We talked about me buying in to the company the other day as the owner is older and ready to start getting out. So right now I don't know how much equity he is interested in giving me at the moment.
quote:
What size and type of business?
Without revealing too much I'll say it's a local small manufacturing business that has an annual revenue of about 500K.
Buying into a small business?
Posted by dmb123 on 4/3/18 at 3:00 pm
I've been working at a family business for about 12 years now, and now I'm thinking about buying into it. What would be the best way to go about buying into a small business?
I know I would have to take a business loan out to buy in. Would I just up my salary as an owner to offset the cost of the note, or keep salary and use revenue dividends.
I know I would have to take a business loan out to buy in. Would I just up my salary as an owner to offset the cost of the note, or keep salary and use revenue dividends.
Popular
33
