OT Business Problem (Long Post)

Who determines what work is done first. Cash in business would be done first and the free would take awhile.

Just do the right thing and in my mind the above, after all these years, and the shafting you have received, is as right as rain.

Just remember this: Bad things happen to bad people so its my guess you might wind up with the best possible position out of this thing in the end no matter how it goes.

scott#2

I assume you want to continue in this business. If that's the case, then I think you should buy the machinery, because it will cost you a lot less time and money to buy him out than it will for you to start from scratch. Yes, you'll have to move the equipment into a new shop, but you have to do that even if you buy new equipment. (And it will be easier to move everything at once rather than having things shipped in from all over the country.)

You say you don't need his stock, but once you leave, who do you think he will come to for his work? Unless you really burn your bridges, he'll become a customer, and you'll charge him for what you now do for free.

Of course, you can always let him buy you out, but do think that's going to be fair compensation for what you've invested in the business?

Of course you need to retain a lawyer before you sign anything. Your lawyer, not his.

Sure sounds like you think you have a partnership and he is of the notion that you are his hired man.

The only guy you can really trust in this world is the fellow who stares back at you while you are shaving.

Sometimes, one has to just swallow hard and move on. I'd get out of this mess if it were I.

And usually, the most difficult decisions ya ever have to make turn out to be the best in the long run.

Allan

All the best, Stan

"He has offered me an amount that is just about the liquidation value of the machinery only. He also said he would sell his part for that figure, if I wanted to buy his part. "

What's the problem??? He's willing to take for the amount that he gives, what else do you want???

You made the decision a few years ago to come to the point your at now, so why the b!tching? Sounds like a winner on your end other than having to make the big move to another building. Plead with him to allow you some ample time to get moved and then jump on it to move the main business pronto. The faster you get moved the faster your will return to normal.

Hopeful this next time you won't take a month to month rental agreement so you don't find yourself in the same boat a few years down the road.

T_Bone

Funny? Two people can live with each other for a short period of time (I still think in terms of a man and a woman), and if they split up their stuff is "community", and split down the middle. A couple can be married a couple or few years and split up, and their "community" stuff's split down the middle the same way. In a joint venture business as decribed above where livings are created and actually paid for years and lifetimes? Not necessarily the same outcome. Go figure.

Mark