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Ground contractor or eat broken glass
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<blockquote data-quote="Artee" data-source="post: 5911489" data-attributes="member: 24351"><p>I couldn't watch the whole video because it was so cringe. The first few minutes I got through, and maybe I am mistaken, the couple mentioned they are taking on partners. Sounds like they are recruiting partners that are their drivers. Because he pays them so poorly, they don't have any money saved and he will finance their end of the deal. The partnership is originally structured 51/49 % in favor of the couple. Which mean that this new partner has no final say in how operations are run at least in the beginning. Who knows if ever he will give them a majority ownership in the "company" they bought into. </p><p></p><p>Partnerships are for people that don't have the funds to do their own deal and the ones where you are the minority partner, you are just asking to be taken advantage of. Who buys into a partnership with no say or control on how things are going to be run. You are not a partner. This couple has found some suckers to help keep their dream of being business owners alive a least for another year.</p></blockquote><p></p>
[QUOTE="Artee, post: 5911489, member: 24351"] I couldn't watch the whole video because it was so cringe. The first few minutes I got through, and maybe I am mistaken, the couple mentioned they are taking on partners. Sounds like they are recruiting partners that are their drivers. Because he pays them so poorly, they don't have any money saved and he will finance their end of the deal. The partnership is originally structured 51/49 % in favor of the couple. Which mean that this new partner has no final say in how operations are run at least in the beginning. Who knows if ever he will give them a majority ownership in the "company" they bought into. Partnerships are for people that don't have the funds to do their own deal and the ones where you are the minority partner, you are just asking to be taken advantage of. Who buys into a partnership with no say or control on how things are going to be run. You are not a partner. This couple has found some suckers to help keep their dream of being business owners alive a least for another year. [/QUOTE]
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