Search results

  1. R

    need advice on running a restaurant

    @silentnyte Offer specials to help change up your menu. Imo, as an indie restaurant, best to own the building w/some apts. above to help offset costs. You don’t offer much info… where is biz, type of menu, u start from scratch or was the space already a restaurant, how much ‘invested’, r u the...
  2. R

    Boss is offering ownership

    @jag157 ‘Partnership’? As in 50% of company? Know the value of the company. Co/owner own any assets? Know this too. Have you seen the financials? (Definitely REVIEW them closely!). Do financials make sense? Get “in line” for these things in case things go sour. Chances are, sooner or later...
  3. R

    I don’t get it

    @blazingflower420 I use taxi over ‘uber’ too.
  4. R

    Boss is offering ownership

    @rolce Minority owners CAN definitely have a say… to a point. Depends on the agreement, if it’s well written, etc. don’t rely on attorney to cover everything you’d want. Make sure anything that’s a concern or a want, that’s covered. There’s minority clauses that can force a sale or a buyout &...
  5. R

    Minority owner have access to bank account and C.C

    @ttowngirl W r o n g …
  6. R

    Minority owner have access to bank account and C.C

    @sissylynn Yeah, should be spelled out in operating agreement. BUT, what OP is complaining about is VERY NORMAL, esp. in the beginning of a company. Majority owner WILL have some ‘management’ authority that MINORITY owner(s) do not have. There ARE good reasons for that. If I’m majority owner no...
  7. R

    Boss is offering ownership

    @jag157 What type of biz?
  8. R

    Boss is offering ownership

    @jag157 Plan an exit strategy upon negotiations & get in writing. U r only 20. You’ll have time later for your stagnant side biz. Look at the offer seriously. Speak with/attorney, make a tight employment contract, buy/sell contract if relevant, exit strategy, etc. gauge his acts in the meantime...
Back
Top